FY2027 Small Area FMR · Greenland, NH

ZIP 03840 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 03840 (Greenland, NH) is $2,760 a month, down 3.8% from FY2026. That is 32% above the Portsmouth-Rochester, NH area-wide FMR of $2,093.

2-bedroom SAFMR$2,760per month ▼ 3.8%

Area-wide 2 BR FMR$2,093Portsmouth-Rochester, NH

Rank in the area4thof 41 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,484

2 BR Small Area FMR$2,760

110% of SAFMR$3,036

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,960▼ 6.2%

1 BR$2,110▼ 3.7%

2 BR$2,760▼ 3.8%

3 BR$3,290▼ 6.5%

4 BR$3,710▼ 3.6%

FY2027 FY2026

Where 03840 sits in the Portsmouth-Rochester, NH area

Of the 41 ZIP codes HUD lists for the area, 03840 has the 4th highest two-bedroom Small Area FMR. Portsmouth-Rochester, NH is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $2,093 for two bedrooms; an agency that opts in to Small Area FMRs would use $2,760 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,960	$1,764 – $2,156	$1,489	$2,090
1 bedroom	$2,110	$1,899 – $2,321	$1,600	$2,190
2 bedrooms	$2,760	$2,484 – $3,036	$2,093	$2,870
3 bedrooms	$3,290	$2,961 – $3,619	$2,494	$3,520
4 bedrooms	$3,710	$3,339 – $4,081	$2,813	$3,850

A household renting a two-bedroom home at the Small Area FMR of $2,760 needs about $110,400 a year to keep housing costs at 30% of income. The area median family income is $140,900 and the 80% low-income limit for four people is $106,800. ZIP code 03840 lies mainly in Rockingham County. See the Portsmouth-Rochester, NH metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
03801	Portsmouth	3.2 mi	$2,430
03885	Stratham	3.3 mi	$2,970
03862	North Hampton	4.2 mi	$2,510
03870	Rye	4.9 mi	$2,210
03871	Rye Beach	5.3 mi	$2,210
03857	Newmarket	5.5 mi	$2,140

Questions

What is the Fair Market Rent for ZIP code 03840?

HUD's FY2027 Small Area Fair Market Rents for 03840 are $1,960 (studio), $2,110 (1 BR), $2,760 (2 BR), $3,290 (3 BR) and $3,710 (4 BR) a month.

What is the Section 8 payment standard in 03840?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 03840 that range is $2,484 to $3,036 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 03840?

The FY2026 income limits of the Portsmouth-Rochester, NH area apply: median family income $140,900, low-income (80%) limit $106,800 for a family of four.