Real Estate Investing in Springfield, New Hampshire (03284)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03284 (Springfield, 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: 49.0% 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 Springfield, NH (03284)?
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Market Analysis: 03284 Springfield
The 03284 ZIP covers a section of Springfield that demands careful diligence. Prices near $490K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 03284 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NH, ZIP 03284 trails on several market indicators that neighboring Sullivan County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 03284 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 03284 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 03284
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $393,793 | $2,050 | 3.7% | +9.3% | $196,897 |
| 3BR | $496,881 | $2,740 | 4.0% | +9.7% | $165,627 |
Market Trends
Home Value History (with trend line)
📊 How Does 03284 Compare?
| Metric | 03284 | Springfield | Lebanon, NH-VT | New Hampshire |
|---|---|---|---|---|
| Home Value | $489,613 | $489,613 | N/A | $496,656 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 9.6% |
| Avg Rent | $1,845 | $1,845 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03284 (Springfield, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $489,613 |
| Monthly Rent | $1,845 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 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 (2.9%). 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 03284
Population: 854
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
Are homes affordable in Springfield, NH?
Springfield, NH median home values land near $490K. That is reasonable territory for investors looking at $1,845/mo-per-month rentals.
How strong is the working-renter base in Springfield, NH?
The renter base in Springfield, NH is reasonable for the $1,845/mo price point. Screening well and pricing to market typically yields stable tenants.
What monthly rent should investors expect in Springfield, NH?
Average rent in Springfield, NH is approximately $1,845/mo per month. Against $490K home values that yields a reasonable rent-to-price ratio.
What type of investing works in Springfield, NH?
A careful cash-flow rentals with hands-on management strategy Springfield, NH best. The market produces predictable results for that approach at the $490K price point.
How does Springfield, NH stack up for property investment?
Springfield, NH shows an investability rating of 3.0/5, with median home values near $490K and average rents around $1,845/mo. That combination puts it in the significant tier for investor interest.
You know 03284 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03284 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 03284 ranks in Lebanon, NH-VT
Every ZIP in this metro, ranked. Free.
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