HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Hillsborough County, New Hampshire (FY 2027)
$2,179 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Hillsborough County, and it's the baseline every voucher in Hillsborough is measured against.
Two-bedroom FMR
$2,179
+5.9% from FY 2026
Payment standard
$1,961–$2,397
90% to 110% of the FMR, two-bedroom
Income to afford
$87,160
a year, with rent at 30% of income
Rank in New Hampshire
2nd of 10
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,518 | $1,366–$1,670 | $60,720 | $29.19/hr | +6.3% |
| 1 bedroom | $1,715 | $1,544–$1,887 | $68,600 | $32.98/hr | +7.5% |
| 2 bedroom | $2,179 | $1,961–$2,397 | $87,160 | $41.90/hr | +5.9% |
| 3 bedroom | $2,719 | $2,447–$2,991 | $108,760 | $52.29/hr | +4.1% |
| 4 bedroom | $3,036 | $2,732–$3,340 | $121,440 | $58.38/hr | +5.8% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,491 | $3,142–$3,840 |
| 6 bedroom Estimate | $3,947 | $3,552–$4,342 |
| 7 bedroom Estimate | $4,402 | $3,962–$4,842 |
| 8 bedroom Estimate | $4,858 | $4,372–$5,344 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Rates by town
New Hampshire publishes Fair Market Rents town by town instead of by county. The 31 towns in Hillsborough County don't all get the same number. Two-bedroom rates run from $1,834 to $2,239 depending on the town, so the headline figure above is a population-weighted average and the town table is the one to use.
| Town | Population | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|---|
| Manchester city | 115,643 | $1,510 | $1,657 | $2,168 | $2,583 | $2,849 |
| Nashua cityHighest | 91,294 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Merrimack town | 28,164 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Hudson town | 25,557 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Bedford town | 23,746 | $1,510 | $1,657 | $2,168 | $2,583 | $2,849 |
| Goffstown town | 18,513 | $1,510 | $1,657 | $2,168 | $2,583 | $2,849 |
| Milford town | 16,337 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Pelham town | 14,449 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Amherst town | 11,861 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Weare town | 9,170 | $1,510 | $1,657 | $2,168 | $2,583 | $2,849 |
| Hollis town | 8,603 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Litchfield town | 8,499 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Peterborough townLowest | 6,408 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| New Boston town | 6,165 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Hillsborough town | 5,980 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Brookline town | 5,736 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| New Ipswich town | 5,310 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Wilton town | 3,960 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Antrim town | 2,692 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Mont Vernon town | 2,636 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Greenville town | 2,084 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Deering town | 1,938 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Hancock town | 1,791 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Greenfield town | 1,730 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Lyndeborough town | 1,616 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Bennington town | 1,588 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Mason town | 1,451 | $1,559 | $1,804 | $2,239 | $2,899 | $3,170 |
| Francestown town | 1,398 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Temple town | 1,363 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Sharon town | 442 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
| Windsor town | 254 | $1,277 | $1,402 | $1,834 | $2,185 | $3,065 |
Market check
HUD's number is one input. What does a two-bedroom in Hillsborough actually rent for?
Search any address in Hillsborough for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Hillsborough somewhere between $1,961 and $2,397. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$2,179 a month is affordable, by HUD's 30% rule, on an income of roughly $87,160 a year. Put another way, $42 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,961 | Voucher pays at 100%$2,179 | Voucher pays at 110%$2,397 |
|---|---|---|---|---|
| $2,500 | $750 | $1,211 | $1,429 | $1,647 |
| $4,000 | $1,200 | $761 | $979 | $1,197 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($2,058) to FY 2027 ($2,179). Since FY 2020 it's up 71% in total, about 7.9% a year. The New Hampshire median moved down 10% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $841 | $989 | $1,278 | $1,671 | $1,764 | — |
| FY 2021 | $943 | $1,087 | $1,411 | $1,825 | $1,951 | +10.4% |
| FY 2022 | $1,030 | $1,165 | $1,517 | $1,918 | $2,081 | +7.5% |
| FY 2023 | $1,160 | $1,301 | $1,706 | $2,145 | $2,365 | +12.5% |
| FY 2024 | $1,259 | $1,404 | $1,844 | $2,323 | $2,541 | +8.1% |
| FY 2025 | $1,389 | $1,534 | $2,012 | $2,566 | $2,789 | +9.1% |
| FY 2026 | $1,428 | $1,596 | $2,058 | $2,611 | $2,869 | +2.3% |
| FY 2027In effect | $1,518 | $1,715 | $2,179 | $2,719 | $3,036 | +5.9% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Hillsborough, that runs from $1,518 for a studio up to $3,036 for four bedrooms, all five rates in the table above.
Hillsborough is its own HUD metro area (Manchester, NH), so the rate here is set from rents inside the county rather than a wider region.
Among New Hampshire's 10 counties, Hillsborough ranks 2nd for two-bedroom FMR. That's about 26% above the state median of $1,727 and about 105% above the national median county at $1,063. About 426,378 people live here, 1st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,550 in 03440 (Antrim) and $3,360 in 03033 (Brookline), with the 39 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 03031 | Amherst | $1,940 | -11.0% |
| 03033 | Brookline | $3,360 | +54.2% |
| 03043 | Francestown | $2,000 | -8.2% |
| 03045 | Goffstown | $2,180 | +0.0% |
| 03047 | Greenfield | $1,650 | -24.3% |
| 03048 | Greenville | $1,920 | -11.9% |
| 03049 | Hollis | $2,240 | +2.8% |
| 03051 | Hudson | $2,240 | +2.8% |
| 03052 | Litchfield | $2,870 | +31.7% |
| 03054 | Merrimack | $2,460 | +12.9% |
| 03055 | Milford | $2,120 | -2.7% |
| 03057 | Mont Vernon | $2,160 | -0.9% |
| 03060 | Nashua | $2,160 | -0.9% |
| 03061 | Nashua | $2,110 | -3.2% |
| 03062 | Nashua | $2,460 | +12.9% |
| 03063 | Nashua | $2,460 | +12.9% |
| 03064 | Nashua | $2,100 | -3.6% |
| 03070 | New Boston | $1,920 | -11.9% |
| 03071 | New Ipswich | $1,920 | -11.9% |
| 03076 | Pelham | $2,050 | -5.9% |
| 03082 | Lyndeborough | $2,330 | +6.9% |
| 03084 | Temple | $1,980 | -9.1% |
| 03086 | Wilton | $1,920 | -11.9% |
| 03101 | Manchester | $2,710 | +24.4% |
| 03102 | Manchester | $2,120 | -2.7% |
| 03103 | Manchester | $2,000 | -8.2% |
| 03104 | Manchester | $2,130 | -2.2% |
| 03105 | Manchester | $2,240 | +2.8% |
| 03108 | Manchester | $2,240 | +2.8% |
| 03109 | Manchester | $2,460 | +12.9% |
| 03110 | Bedford | $2,940 | +34.9% |
| 03111 | Manchester | $2,240 | +2.8% |
| 03244 | Hillsborough | $1,810 | -16.9% |
| 03281 | Weare | $2,140 | -1.8% |
| 03440 | Antrim | $1,550 | -28.9% |
| 03442 | Bennington | $1,780 | -18.3% |
| 03449 | Hancock | $1,620 | -25.7% |
| 03458 | Peterborough | $2,020 | -7.3% |
| 03468 | West Peterborough | $2,310 | +6.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Hillsborough.
Merrimack County
29 mi · 155,967 people
$1,800
-17%
Rockingham County
30 mi · 319,082 people
$2,289
+5%
Cheshire County
33 mi · 77,297 people
$1,734
-20%
Belknap County
43 mi · 64,659 people
$1,620
-26%
Strafford County
43 mi · 132,575 people
$2,093
-4%
Sullivan County
44 mi · 43,715 people
$1,596
-27%
Carroll County
68 mi · 51,804 people
$1,566
-28%
Grafton County
70 mi · 92,120 people
$1,719
-21%
Questions people ask
$2,179 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,518 for a studio, $1,715 for one bedroom, $2,719 for three and $3,036 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Hillsborough actually go for?
HUD's number is one input. Search any address in Hillsborough for a rent estimate built from nearby comps. Free to start, no card.
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