Real Estate Investing in Amherst, New Hampshire (03031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03031 (Amherst, NH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 32.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Amherst, NH (03031)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03031 Amherst
ZIP 03031 inside Hillsborough County looks affordable on the surface — median value of $670K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,728/mo on a $670K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 03031 sits below the stated 0.0% once reality is priced in.
The gap between 03031 and stronger Amherst ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 03031 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 03031 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Amherst:
Property Strategy for 03031
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $505,463 | $1,920 | 2.7% | +8.9% | $252,731 |
| 3BR | $599,451 | $2,550 | 3.1% | +9.5% | $199,817 |
| 4BR | $740,399 | $2,700 | 2.6% | +9.7% | $185,100 |
| 5BR | $903,664 | — | — | +9.7% | $180,733 |
Market Trends
Home Value History (with trend line)
📊 How Does 03031 Compare?
| Metric | 03031 | Amherst | Manchester-Nashua, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $669,781 | $669,781 | N/A | $496,656 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 9.6% |
| Avg Rent | $1,728 | $1,728 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03031 (Amherst, NH). Anonymous, moderated, never written by AI.
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Property managers serving Hillsborough County
Manage rentals here? List your business →Finley Property Management, LLC is a boutique firm offering leasing and full-time management for single-family homes, townhomes, condos, and small multi-unit properties in Portland. summary from their website
North Point Property Management, LLC, also known as RowCal, is an HOA & Community Association Management Company offering financial, maintenance, and construction services. summary from their website
Peloquin Realty & Property Management offers property management services and real estate sales in Southern New Hampshire, including multi-family properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $669,781 |
| Monthly Rent | $1,728 |
| Price-to-Rent | 32.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 03031
Population: 11,873
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 03031
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,558 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do landlords face vacancy issues in Amherst, NH?
Amherst, NH sees elevated vacancy, which is reasonable relative to the broader NH rental market.
Is Amherst, NH a friendly market for rental owners?
The landlord environment in Amherst, NH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Amherst, NH?
The tenant pool in Amherst, NH is solid, supported by local employment and population fundamentals. Rents of $1,728/mo are well-absorbed by the market.
What do rentals go for in Amherst, NH?
Expect rents around $1,728/mo per month in Amherst, NH. With home values at $670K, the yield math works out to reasonable levels for rental investors.
How viable is house hacking in Amherst, NH?
House hacking in Amherst, NH is reasonable to execute. Prices around $670K and rents of $1,728/mo solid owner-occupant economics.
You know 03031 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03031 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 03031 ranks in Manchester-Nashua, NH
Every ZIP in this metro, ranked. Free.
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