Real Estate Investing in Hillsborough, New Hampshire (03244)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03244 (Hillsborough, NH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 19.9% 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 Hillsborough, NH (03244)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03244 Hillsborough
From an investor standpoint, ZIP 03244 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $398K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 03244 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 03244 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 03244 ZIP's population of 8,005 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 03244 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 Hillsborough:
Property Strategy for 03244
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $256,883 | $1,300 | 3.6% | +11.7% | $256,883 |
| 2BR | $332,720 | $1,700 | 3.7% | +10.2% | $166,360 |
| 3BR | $408,514 | $2,040 | 3.6% | +10.1% | $136,171 |
| 4BR | $462,904 | $2,850 | 4.4% | +10.5% | $115,726 |
Market Trends
Home Value History (with trend line)
📊 How Does 03244 Compare?
| Metric | 03244 | Hillsborough | Manchester-Nashua, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $398,002 | $199,001 | N/A | $496,656 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 9.6% |
| Avg Rent | $1,530 | $1,530 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 03244 (Hillsborough, NH). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 03244 (Hillsborough, NH)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Hillsborough County
Manage rentals here? List your business →Finley Property Management, LLC is a boutique firm offering leasing and full-time management for single-family homes, townhomes, condos, and small multi-unit properties in Portland. summary from their website
North Point Property Management, LLC, also known as RowCal, is an HOA & Community Association Management Company offering financial, maintenance, and construction services. summary from their website
Peloquin Realty & Property Management offers property management services and real estate sales in Southern New Hampshire, including multi-family properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $398,002 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 21.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 03244
Population: 8,005
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 03244
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
What is the median home value in Hillsborough, NH?
Expect median prices around $398K in Hillsborough, NH. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How do landlord-tenant laws work in Hillsborough, NH?
NH ranks as a landlord-friendly state for landlord-tenant law. Hillsborough generally follows the statewide framework, so landlords face reasonable operating rules.
What does house hacking look like in Hillsborough, NH?
The a challenging house-hack environment in Hillsborough, NH reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Does Hillsborough, NH make sense for an investment property?
With a 3.0/5 investability score, Hillsborough, NH ranks as a solid market for rental property investors. Median prices of $398K and rents of $1,530/mo drive the underlying numbers.
Are tenants stable in Hillsborough, NH?
Working renters make up the core of the Hillsborough, NH tenant base. The pool is reasonable for investors targeting long-term holds.
You know 03244 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03244 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 03244 ranks in Manchester-Nashua, NH
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 03244 (Hillsborough)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 03244 (Hillsborough, NH).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.