Real Estate Investing in Hopkinton, New Hampshire (03229)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03229 (Hopkinton, 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: 12.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.4 — 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 Hopkinton, NH (03229)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03229 Hopkinton
Not every below-median market is a bargain. Hopkinton's 03229 ZIP stands at signals that favor experienced operators who can absorb the risk $591K pricing implies.
The 03229 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 03229 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 03229 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 03229 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 Hopkinton:
Property Strategy for 03229
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $397,924 | $1,860 | 3.4% | +8.8% | $198,962 |
| 3BR | $535,389 | $2,450 | 3.3% | +9.8% | $178,463 |
| 4BR | $691,327 | $2,460 | 2.6% | +9.5% | $172,832 |
| 5BR | $803,127 | — | — | +10.0% | $160,625 |
Market Trends
Home Value History (with trend line)
📊 How Does 03229 Compare?
| Metric | 03229 | Hopkinton | Concord, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $591,013 | $591,013 | N/A | $496,656 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 9.6% |
| Avg Rent | $1,674 | $1,674 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 03229 (Hopkinton, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $591,013 |
| Monthly Rent | $1,674 |
| Price-to-Rent | 29.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (2.2%). 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 03229
Population: 5,976
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 03229
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 765 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Hopkinton in NH worth investing in?
Our data puts Hopkinton, NH at 3.0/5 for investability. Home prices of $591K and rents around $1,674/mo create a solid backdrop for investor activity.
Are there empty rentals in Hopkinton, NH?
Hopkinton, NH sees elevated vacancy, which is reasonable relative to the broader NH rental market.
Where do rents currently stand in Hopkinton, NH?
Investors in Hopkinton, NH typically see rents near $1,674/mo per month against $591K home values - a solid setup for rental cash flow.
What is the renter demographic in Hopkinton, NH?
Hopkinton, NH offers a reliable renter base at the $1,674/mo rent level. Tenant turnover is reasonable for well-managed properties.
What strategy should investors use in Hopkinton, NH?
A careful cash-flow rentals with hands-on management strategy Hopkinton, NH best. The market produces even-keeled results for that approach at the $591K price point.
You know 03229 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03229 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 03229 ranks in Concord, NH
Every ZIP in this metro, ranked. Free.
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