Real Estate Investing in Sullivan, New Hampshire (03445)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Cheshire County • Population: 699 • Data updated: September 2026

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Should you buy in 03445 (Sullivan, NH)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (76/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

• 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 Sullivan, NH (03445)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $396,571
Avg Monthly Rent $1,944
1% Rule ✗ Does Not Meet
Median Income $96,750
% Renters 14.5%

Market Analysis: 03445 Sullivan

Investors eyeing 03445 need to respect the fundamentals at play. Home values of $397K come alongside slower price movement and elevated management overhead.

If the plan assumes clean turnover, on-time rent, and low maintenance on a $397K asset, 03445 is the wrong submarket. If the plan prices in friction, the yield can still work.

ZIP 03445's metrics run below Cheshire County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.

Resident income in 03445 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

New investors are better served looking at Sullivan's stable or hybrid ZIPs before stepping into 03445. The learning curve here is expensive when the lesson is wrong.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Sullivan:

B Good
Buy Confidence Score: 70/100
Affordability
15/25
Appreciation
25/25
Stability
7/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.1× the median income
Value Trend
Rising (+12.7%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,944/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
⚖️
BALANCED MARKET
Keene, NH Metro Area
Even conditions for buyers and sellers
40 days
Average time to sell
Average
8.7%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Keene, NH metro data

Market Trends

Home Value History (with trend line)

$416K$360K$304K$247K$191K$135KJul 2006Jul 2016Jul 2026

📊 How Does 03445 Compare?

Metric 03445 Sullivan Keene, NH New Hampshire
Home Value $396,571 $396,571 N/A $496,656
5-Year CAGR 8.0% 8.0% N/A 9.6%
Avg Rent $1,944 $1,944 N/A -
Cap Rate 3.8% 3.8% - -
💡 Why Invest in 03445? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 03445 (Sullivan, NH). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
3.8%
Low
5yr Growth
+8.0%
Strong

📉 Market Crash Risk Index

Based on Keene, NH metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
37%
Days Pending
0/2
40 days

View all metro crash risk rankings →

📊 Market Snapshot

Home Value $396,571
Monthly Rent $1,944
Price-to-Rent 17.0:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 5.9%
Cap Rate 3.8%
5-Year IRR 11.8%

📈 Home Appreciation

1-Year +12.7% ▲
3-Year CAGR +6.8% ▲
5-Year CAGR +8.0% ▲
10-Year CAGR +9.1% ▲

🏠 Rent Trends

1-Year N/A
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.8%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

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.

Vacancy
6.6%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+8.0%
Growing
Eviction process: Fast Rent control: Favorable

Demographics in 03445

Population: 699

💰 Median Household Income
$96,750
This area
$96,750
State
$93,430
USA
$74,580
🏠 Renter Occupied
14.5%
This area
14.5%
State
18.9%
USA
34.0%
💼 Unemployment Rate
0.5%
This area
0.5%
State
-6.0%
USA
3.7%
🎓 College Educated
26.5%
This area
26.5%
State
29.2%
USA
33.7%
👤 Median Age
44.0 years
This area
44.0 years
State
34.2 years
USA
38.9 years
🏚️ Vacancy Rate
6.6%
This area
6.6%
State
22.4%
USA
10.5%
👥 Population by Ethnicity
White 91.1%
Other/Mixed 5.1%
Asian 3.8%
Hispanic/Latino 2.6%
👶 Under 18
16.4%
This area
16.4%
USA
22.0%
👴 65 and Over
18.8%
This area
18.8%
USA
17.3%
📊 Poverty Rate
1.5%
This area
1.5%
USA
11.5%

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

3 Nearby 8 Off-Campus Students
C+
Keene State College
2,846 students · 7.0 mi
D
Antioch University-New England
967 students · 7.0 mi
C
Keene Beauty Academy
93 students · 7.1 mi

Frequently Asked Questions

Is Sullivan, NH a good market for buy-and-hold investors?

Our data puts Sullivan, NH at 3.0/5 for investability. Home prices of $397K and rents around $1,944/mo create a solid backdrop for investor activity.

What strategy should investors use in Sullivan, NH?

Investors usually favor careful cash-flow rentals with hands-on management in Sullivan, NH. With home values at $397K and rents near $1,944/mo, other strategies can work but produce consistent rather than outsized returns.

How strong are rents in Sullivan, NH?

The typical rental in Sullivan, NH commands about $1,944/mo monthly. That rent profile even-keeled cash flow against the $397K purchase basis.

What is the average home sale price in Sullivan, NH?

Expect median prices around $397K in Sullivan, NH. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.

What is the rental occupancy rate in Sullivan, NH?

Sullivan, NH vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

You know 03445 now. You don’t know where it ranks.

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How 03445 ranks in Keene, NH

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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