Real Estate Investing in Andover, New Hampshire (03216)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03216 (Andover, NH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Andover, NH (03216)?
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Market Analysis: 03216 Andover
The 03216 ZIP in Andover, NH is a local-operator market. Outside capital chasing a $482K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $482K asset, 03216 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 03216 and stronger Andover ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Looking more closely, 2,105 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 03216 is an operator game, not a passive one. On the rental side, entry prices of $482K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Andover:
Property Strategy for 03216
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $375,410 | $1,870 | 3.6% | +9.5% | $187,705 |
| 3BR | $440,499 | $2,470 | 4.0% | +10.2% | $146,833 |
| 4BR | $536,223 | $2,480 | 3.3% | +9.8% | $134,056 |
Market Trends
Home Value History (with trend line)
📊 How Does 03216 Compare?
| Metric | 03216 | Andover | Concord, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $481,792 | $481,792 | N/A | $496,656 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 9.6% |
| Avg Rent | $1,683 | $1,683 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 03216 (Andover, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $481,792 |
| Monthly Rent | $1,683 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +12.5% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (2.7%). 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 03216
Population: 2,105
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 03216
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
Frequently Asked Questions
What is the average monthly rent in Andover, NH?
Expect rents around $1,683/mo per month in Andover, NH. With home values at $482K, the yield math works out to reasonable levels for rental investors.
What kind of vacancy should I budget for in Andover, NH?
Andover, NH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Should investors consider Andover, NH?
The 3.0/5 investability rating in Andover, NH reflects its $482K prices and $1,683/mo rents. Investors generally consider it a solid option within NH.
Which real estate strategy fits Andover, NH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Andover, NH. The numbers - $482K homes against $1,683/mo rents - support that play.
How qualified is the tenant pool in Andover, NH?
The tenant pool in Andover, NH is solid, supported by local employment and population fundamentals. Rents of $1,683/mo are well-absorbed by the market.
You know 03216 now. You don’t know where it ranks.
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How 03216 ranks in Concord, NH
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