Real Estate Investing in Keene, New Hampshire (03431)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03431 (Keene, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
What’s happening in Keene, NH (03431)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03431 Keene
This part of Cheshire County is not an easy win. The 03431 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 03431 can be a a viable market for hunting ground — but the discount at $359K reflects genuine risk that outside investors often underestimate.
Turning to rents, 03431 offers a low basis, the region around Keene has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 03431 ZIP's population of 25,035 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
The 03431 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Keene:
Property Strategy for 03431
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $246,034 | $1,520 | 4.4% | +10.8% | $246,034 |
| 2BR | $267,617 | $1,990 | 5.4% | +12.4% | $133,808 |
| 3BR | $345,676 | $2,600 | 5.4% | +11.5% | $115,225 |
| 4BR | $413,903 | $2,630 | 4.6% | +10.9% | $103,476 |
| 5BR | $539,676 | — | — | +11.4% | $107,935 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03431 Compare?
| Metric | 03431 | Keene | Keene, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $359,459 | $359,459 | N/A | $496,656 |
| 5-Year CAGR | 8.8% | 8.8% | N/A | 9.6% |
| Avg Rent | $1,763 | $1,763 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 03431 (Keene, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $359,459 |
| Monthly Rent | $1,763 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 12.6% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +8.8% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 03431
Population: 25,035
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 03431
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 kind of market is Keene, NH for investors?
Our data puts Keene, NH at 3.0/5 for investability. Home prices of $359K and rents around $1,763/mo create a solid backdrop for investor activity.
What is the smart move for investors in Keene, NH?
In Keene, NH the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $359K prices and $1,763/mo rents suits that approach.
Are rents high in Keene, NH?
Rents in Keene, NH run near $1,763/mo. Compared with median home prices of $359K that produces solid gross yields for typical rentals.
Is NH a landlord-friendly state?
Landlord-friendliness in Keene, NH is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the rental occupancy rate in Keene, NH?
Occupancy in Keene, NH runs reliable with elevated vacancy. Well-priced units at $1,763/mo lease on reasonable timelines.
You know 03431 now. You don’t know where it ranks.
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How 03431 ranks in Keene, NH
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