Real Estate Investing in Windham, New Hampshire (03087)
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Should you buy in 03087 (Windham, NH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Windham, NH (03087)?
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Market Analysis: 03087 Windham
Investors eyeing 03087 need to respect the fundamentals at play. Home values of $812K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 03087 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 03087 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 03087 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 03087 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Windham:
Property Strategy for 03087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $442,917 | $2,600 | 4.2% | +9.1% | $442,917 |
| 2BR | $531,603 | $3,410 | 4.6% | +8.8% | $265,802 |
| 3BR | $696,440 | $4,090 | 4.2% | +8.8% | $232,147 |
| 4BR | $1,005,123 | $4,510 | 3.2% | +10.2% | $251,281 |
| 5BR | $1,332,732 | — | — | +10.7% | $266,546 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03087 Compare?
| Metric | 03087 | Windham | New Hampshire |
|---|---|---|---|
| Home Value | $811,694 | $811,694 | $496,656 |
| 5-Year CAGR | 6.0% | 6.0% | 9.6% |
| Avg Rent | $4,800 | $4,800 | - |
| Cap Rate | 4.6% | 4.6% | - |
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 03087 (Windham, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $811,694 |
| Monthly Rent | $4,800 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (4.6%). 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 03087
Population: 15,922
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 03087
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 1,190 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Windham, NH suited for a house hack?
Windham, NH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $4,800/mo rent level.
How strong is the working-renter base in Windham, NH?
Windham, NH draws a steady base of working renters. Demand at the $4,800/mo rent level is reasonable for standard single-family and small multi rentals.
What do landlords charge for rent in Windham, NH?
Rental rates in Windham, NH average $4,800/mo. Tenant demand and $812K home values make the yield look reasonable by investor standards.
What is the best play in Windham, NH?
Investors usually favor careful cash-flow rentals with hands-on management in Windham, NH. With home values at $812K and rents near $4,800/mo, other strategies can work but produce measured rather than outsized returns.
How do home values compare in Windham, NH?
Windham, NH home values average about $812K. That price point suits investors targeting rentals with $4,800/mo in monthly income.
You know 03087 now. You don’t know where it ranks.
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How 03087 ranks in Boston-Cambridge-Newton, MA-NH
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