Section 8 Fair Market Rent (FMR) for ZIP 03857 - 2027

Location: Portsmouth-Rochester, NH | Metro: Portsmouth-Rochester, NH HUD Metro FMR Area

Investment Score for ZIP 03857

Monthly Rent (2BR)

$2,140

Median Price (2BR)

$413,988

1% Rule

0.52%

Annual Yield

6.2%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,520
1 Bedroom	$1,640
2 Bedrooms	$2,140
3 Bedrooms	$2,550
4 Bedrooms	$2,880
5 Bedrooms	$3,341
6 Bedrooms	$3,742
7 Bedrooms	$4,041
8 Bedrooms	$4,243

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,640	$286,373	0.57%	F
2BR	$2,140	$413,988	0.52%	F
3BR	$2,550	$614,356	0.42%	F
4BR	$2,880	$750,285	0.38%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,463

Median Household Income

$100,845

Housing Units

4,500

Renter Percentage

47.1%

Occupancy Rate

96.6%

Renter Occupied

2,048

Newmarket, NH, located in ZIP code 03857, is a small town with a mix of residential properties, offering both rental units and homeownership opportunities. The town's proximity to larger cities such as Manchester and Nashua makes it attractive for commuters, while its rural charm appeals to those seeking a quieter lifestyle. This analysis delves into key metrics that define the rental and housing market in Newmarket, providing insights for landlords and small-portfolio investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 03857 for fiscal year 2024 is set at $2120.
The Zillow Observed Rent Index (ZORI), which reflects the actual market rent, stands at $2,136 for a similar unit.
The median home value in Newmarket is $554,216, indicating a moderate cost of living compared to other parts of New Hampshire.
Renters make up 47.1% of the population, suggesting a robust demand for rental properties.
The median household income in the area is $100,845, providing a strong financial foundation for potential tenants to afford higher rents.

Given the data, Newmarket presents a stable rental market with a slight premium on ZORI over FMR, indicating that landlords can potentially charge slightly above the government-set fair market rates. The significant share of renters and high median income support the viability of rental investments. However, the lack of data on days on market (DOM) suggests a need for further research to understand the pace of property turnover and sales activity.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.