Real Estate Investing in Grafton, New Hampshire (03240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03240 (Grafton, 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.
- High vacancy: 31.1% 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 Grafton, NH (03240)?
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Market Analysis: 03240 Grafton
The 03240 ZIP in Grafton, NH is a local-operator market. Outside capital chasing a $315K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 03240 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 03240's metrics run below Grafton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 03240 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 03240 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Grafton:
Property Strategy for 03240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $297,039 | $1,810 | 4.4% | +11.8% | $148,519 |
| 3BR | $362,289 | $2,460 | 4.9% | +12.6% | $120,763 |
Market Trends
Home Value History (with trend line)
📊 How Does 03240 Compare?
| Metric | 03240 | Grafton | Lebanon, NH-VT | New Hampshire |
|---|---|---|---|---|
| Home Value | $314,554 | $314,554 | N/A | $496,656 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 9.6% |
| Avg Rent | $1,629 | $1,629 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03240 (Grafton, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $314,554 |
| Monthly Rent | $1,629 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | N/A |
🏠 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 03240
Population: 1,248
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do experienced investors play Grafton, NH?
Grafton, NH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($315K prices, $1,629/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Grafton, NH?
Occupancy in Grafton, NH runs reliable with elevated vacancy. Well-priced units at $1,629/mo lease on reasonable timelines.
What kind of market is Grafton, NH for investors?
Grafton, NH rates 3.0/5 for investability. With median values at $315K and rents near $1,629/mo, the market offers reasonable fundamentals for rental investors.
What is the typical home price in Grafton, NH?
The median home value in Grafton, NH is roughly $315K. That puts it reasonable relative to the NH statewide average.
Are tenants stable in Grafton, NH?
Expect a solid tenant pool in Grafton, NH. The rental market absorbs $1,629/mo rents without meaningful friction.
You know 03240 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03240 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 03240 ranks in Lebanon, NH-VT
Every ZIP in this metro, ranked. Free.
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