Real Estate Investing in Errol, New Hampshire (03579)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03579 (Errol, NH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 80.1% 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 Errol, NH (03579)?
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Market Analysis: 03579 Errol
ZIP 03579 inside Coos County looks affordable on the surface — median value of $288K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,287/mo on a $288K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 03579 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Errol have seen price recovery that 03579 has not matched. Coos County data supports the view that the spread is structural rather than temporary.
The demographic picture in 03579 includes headwinds that any investor should price in. Income distribution skews lower than Errol averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 03579 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 Errol:
Property Strategy for 03579
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $277,629 | $1,430 | 3.7% | +14.0% | $138,815 |
| 3BR | $379,024 | $1,920 | 3.6% | +11.4% | $126,341 |
Market Trends
Home Value History (with trend line)
📊 How Does 03579 Compare?
| Metric | 03579 | Errol | Berlin, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $287,909 | $287,909 | N/A | $496,656 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 9.6% |
| Avg Rent | $1,287 | $1,287 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03579 (Errol, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $287,909 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 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 (3.5%). 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 03579
Population: 407
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 03579
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.
Frequently Asked Questions
What is the typical home price in Errol, NH?
In Errol, NH the median home value sits at $288K. Against the broader NH market, that reads as reasonable for most investors.
How strong is tenant demand in Errol, NH?
Errol, NH draws a measured base of working renters. Demand at the $1,287/mo rent level is reasonable for standard single-family and small multi rentals.
Are there empty rentals in Errol, NH?
Errol, NH sees elevated vacancy, which is reasonable relative to the broader NH rental market.
Is Errol, NH a friendly market for rental owners?
For rental operators, Errol, NH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Errol in NH worth investing in?
Investors tracking Errol, NH will find a 3.0/5 rating supported by $288K median home values and $1,287/mo rents. That profile suits long-term holders targeting reliable returns.
You know 03579 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 03579 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 03579 ranks in Berlin, NH
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