Real Estate Investing in Laconia, New Hampshire (03246)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03246 (Laconia, 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: 30.8% of homes vacant — above national norms.
What’s happening in Laconia, NH (03246)?
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Market Analysis: 03246 Laconia
ZIP 03246 inside Belknap County looks affordable on the surface — median value of $446K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $446K asset, 03246 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NH picture, 03246 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Looking more closely, 17,006 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. durable returns are possible in 03246, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Laconia:
Property Strategy for 03246
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $240,739 | $1,400 | 4.2% | +12.9% | $240,739 |
| 2BR | $359,327 | $1,770 | 3.5% | +11.9% | $179,664 |
| 3BR | $482,538 | $2,180 | 3.3% | +11.2% | $160,846 |
| 4BR | $584,362 | $2,630 | 3.2% | +11.1% | $146,091 |
| 5BR | $855,191 | — | — | +11.6% | $171,038 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03246 Compare?
| Metric | 03246 | Laconia | Laconia, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $445,982 | $445,982 | N/A | $496,656 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 9.6% |
| Avg Rent | $1,924 | $1,924 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03246 (Laconia, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $445,982 |
| Monthly Rent | $1,924 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 Rent Trends
| 1-Year | +15.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 03246
Population: 17,006
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 03246
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 is rent in Laconia, NH?
Laconia, NH rentals go for roughly $1,924/mo a month. That puts gross yield in solid territory relative to $446K acquisition costs.
What price range are homes in Laconia, NH?
The median home value in Laconia, NH is roughly $446K. That puts it reasonable relative to the NH statewide average.
What is the typical vacancy rate in Laconia, NH?
Occupancy in Laconia, NH runs even-keeled with elevated vacancy. Well-priced units at $1,924/mo lease on reasonable timelines.
What is the tenant pool like in Laconia, NH?
The tenant pool in Laconia, NH is solid, supported by local employment and population fundamentals. Rents of $1,924/mo are well-absorbed by the market.
What kind of market is Laconia, NH for investors?
Investors tracking Laconia, NH will find a 3.0/5 rating supported by $446K median home values and $1,924/mo rents. That profile suits long-term holders targeting even-keeled returns.
You know 03246 now. You don’t know where it ranks.
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How 03246 ranks in Laconia, NH
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