Real Estate Investing in Franklin, New Hampshire (03235)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03235 (Franklin, 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.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
What’s happening in Franklin, NH (03235)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03235 Franklin
ZIP 03235 in Franklin, NH carries a significant set of headwinds. Home values near $389K and rents of $1,995/mo sit inside a market where underwriting has to be tight.
The 03235 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NH, ZIP 03235 trails on several market indicators that neighboring Merrimack County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Resident income in 03235 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 03235
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $276,587 | $1,300 | 3.4% | — | $276,587 |
| 2BR | $331,897 | $1,700 | 3.7% | +11.1% | $165,948 |
| 3BR | $377,621 | $2,240 | 4.3% | +10.7% | $125,874 |
| 4BR | $401,360 | $2,250 | 4.0% | +10.5% | $100,340 |
| 5BR | $426,807 | — | — | +10.3% | $85,361 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03235 Compare?
| Metric | 03235 | Franklin | Concord, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $389,466 | $389,466 | N/A | $496,656 |
| 5-Year CAGR | 8.4% | 8.4% | N/A | 9.6% |
| Avg Rent | $1,995 | $1,995 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 03235 (Franklin, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $389,466 |
| Monthly Rent | $1,995 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 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 (4.0%). 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 03235
Population: 8,843
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 03235
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
How high is vacancy risk in Franklin, NH?
Vacancy in Franklin, NH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,995/mo.
How much rent can I charge in Franklin, NH?
Rental rates in Franklin, NH average $1,995/mo. Tenant demand and $389K home values make the yield look reasonable by investor standards.
What are home prices like in Franklin, NH?
Homes in Franklin, NH typically sell near $389K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How strict are landlord regulations in Franklin, NH?
Franklin, NH falls under NH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Franklin, NH a smart market for rental property?
Franklin, NH comes in at an investability rating of 3.0/5, with median home values near $389K and average rents around $1,995/mo. That combination puts it in the robust tier for investor interest.
You know 03235 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03235 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 03235 ranks in Concord, NH
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