Real Estate Investing in Hill, New Hampshire (03243)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03243 (Hill, 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: 19.2% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hill, NH (03243)?
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Market Analysis: 03243 Hill
This part of Merrimack County is not an easy win. The 03243 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 03243 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 03243 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 03243 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 03243 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hill:
Property Strategy for 03243
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $330,301 | $1,830 | 4.0% | +9.8% | $165,150 |
| 3BR | $408,434 | $2,430 | 4.3% | +11.0% | $136,145 |
Market Trends
Home Value History (with trend line)
📊 How Does 03243 Compare?
| Metric | 03243 | Hill | Concord, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $432,801 | $432,801 | N/A | $496,656 |
| 5-Year CAGR | 9.4% | 9.4% | N/A | 9.6% |
| Avg Rent | $1,647 | $1,647 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03243 (Hill, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $432,801 |
| Monthly Rent | $1,647 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | +9.4% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 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 (3.0%). 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 03243
Population: 924
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 03243
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 much does a house cost in Hill, NH?
Homes in Hill, NH typically sell near $433K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the average monthly rent in Hill, NH?
Rent in Hill, NH is around $1,647/mo. The resulting rent-to-value relationship with $433K pricing is reasonable for most investor models.
How qualified is the tenant pool in Hill, NH?
The tenant pool in Hill, NH is solid, supported by local employment and population fundamentals. Rents of $1,647/mo are well-absorbed by the market.
How landlord-friendly is Hill, NH?
Landlord-friendliness in Hill, NH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What real estate strategy is ideal for Hill, NH?
For Hill, NH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 03243 now. You don’t know where it ranks.
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How 03243 ranks in Concord, NH
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