Real Estate Investing in Gorham, New Hampshire (03581)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03581 (Gorham, 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: 16.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gorham, NH (03581)?
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Market Analysis: 03581 Gorham
Not every below-median market is a bargain. Gorham's 03581 ZIP stands at signals that favor experienced operators who can absorb the risk $268K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 03581 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NH, ZIP 03581 trails on several market indicators that neighboring Coos County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Demographically, 03581 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 03581 is an operator game, not a passive one. Put differently, entry prices of $268K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gorham:
Property Strategy for 03581
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,122 | $1,100 | 3.7% | +12.0% | $107,561 |
| 3BR | $286,476 | $1,450 | 3.6% | +11.5% | $95,492 |
| 4BR | $305,282 | $1,460 | 3.4% | +11.7% | $76,320 |
Market Trends
Home Value History (with trend line)
📊 How Does 03581 Compare?
| Metric | 03581 | Gorham | Berlin, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $268,356 | $268,356 | N/A | $496,656 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 9.6% |
| Avg Rent | $990 | $990 | 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 03581 (Gorham, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,356 |
| Monthly Rent | $990 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 03581
Population: 3,243
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 03581
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 price range are homes in Gorham, NH?
Median home price in Gorham, NH is near $268K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
How viable is house hacking in Gorham, NH?
House hacking in Gorham, NH is a challenging. With home values around $268K and rents at $990/mo, owner-occupants can offset a meaningful share of PITI.
What is the tenant pool like in Gorham, NH?
The tenant pool in Gorham, NH is solid, supported by local employment and population fundamentals. Rents of $990/mo are well-absorbed by the market.
How strict are landlord regulations in Gorham, NH?
Gorham, NH operates under NH law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What is the typical rental rate in Gorham, NH?
Investors in Gorham, NH typically see rents near $990/mo per month against $268K home values - a solid setup for rental cash flow.
You know 03581 now. You don’t know where it ranks.
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