FY2027 Small Area FMR · New Castle, NH
ZIP 03854 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 03854 (New Castle, NH) is $2,970 a month, down 9.7% from FY2026. That is 42% above the Portsmouth-Rochester, NH area-wide FMR of $2,093.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 03854 sits in the Portsmouth-Rochester, NH area
Of the 41 ZIP codes HUD lists for the area, 03854 has the 2nd 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 $2,970 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,160 | $1,944 – $2,376 | $1,489 | $2,400 |
| 1 bedroom | $2,260 | $2,034 – $2,486 | $1,600 | $2,510 |
| 2 bedrooms | $2,970 | $2,673 – $3,267 | $2,093 | $3,290 |
| 3 bedrooms | $3,640 | $3,276 – $4,004 | $2,494 | $4,040 |
| 4 bedrooms | $3,970 | $3,573 – $4,367 | $2,813 | $4,410 |
A household renting a two-bedroom home at the Small Area FMR of $2,970 needs about $118,800 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 03854 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
Questions
What is the Fair Market Rent for ZIP code 03854?
HUD's FY2027 Small Area Fair Market Rents for 03854 are $2,160 (studio), $2,260 (1 BR), $2,970 (2 BR), $3,640 (3 BR) and $3,970 (4 BR) a month.
What is the Section 8 payment standard in 03854?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 03854 that range is $2,673 to $3,267 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 03854?
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.