Real Estate Investing in Epsom, New Hampshire (03234)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03234 (Epsom, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Epsom, NH (03234)?
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Market Analysis: 03234 Epsom
Not every below-median market is a bargain. Epsom's 03234 ZIP registers signals that favor experienced operators who can absorb the risk $494K pricing implies.
The 03234 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 03234 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 03234 includes headwinds that any investor should price in. Income distribution skews lower than Epsom averages, and tenant stability requires active management.
The 03234 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 Epsom:
Property Strategy for 03234
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $410,333 | $1,980 | 3.5% | +10.1% | $205,167 |
| 3BR | $487,244 | $2,610 | 3.9% | +10.4% | $162,415 |
| 4BR | $571,422 | $2,620 | 3.3% | +10.8% | $142,855 |
Market Trends
Home Value History (with trend line)
📊 How Does 03234 Compare?
| Metric | 03234 | Epsom | Concord, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $494,186 | $494,186 | N/A | $496,656 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 9.6% |
| Avg Rent | $1,782 | $1,782 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03234 (Epsom, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $494,186 |
| Monthly Rent | $1,782 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (2.8%). 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 03234
Population: 4,896
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 03234
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 vacancy a concern in Epsom, NH?
Rental vacancy in Epsom, NH is elevated. Investors should budget normal turnover but not chronic empty units.
What is the average home sale price in Epsom, NH?
Expect median prices around $494K in Epsom, NH. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is Epsom, NH a good place for real estate investing?
Yes - Epsom, NH a 3.0/5 investability score. With $494K home prices against $1,782/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is tenant demand in Epsom, NH?
Working renters make up the core of the Epsom, NH tenant base. The pool is reasonable for investors targeting long-term holds.
What are rental rates like in Epsom, NH?
Average rent in Epsom, NH is approximately $1,782/mo per month. Against $494K home values that yields a reasonable rent-to-price ratio.
You know 03234 now. You don’t know where it ranks.
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How 03234 ranks in Concord, NH
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