Real Estate Investing in Lancaster, New Hampshire (03584)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03584 (Lancaster, 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: 18.1% 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 Lancaster, NH (03584)?
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Market Analysis: 03584 Lancaster
ZIP 03584 in Lancaster, NH carries a solid set of headwinds. Home values near $305K and rents of $1,188/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $305K purchase price, 0.0% nominal cap — the work to hit that pro forma in 03584 is substantial and deserves full respect.
Regionally, 03584 sits on the difficult end of the NH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 03584 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.
The right play in 03584 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lancaster:
Property Strategy for 03584
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $265,562 | $1,320 | 3.6% | +12.2% | $132,781 |
| 3BR | $309,731 | $1,750 | 4.1% | +11.6% | $103,244 |
| 4BR | $335,480 | $1,750 | 3.8% | +12.3% | $83,870 |
Market Trends
Home Value History (with trend line)
📊 How Does 03584 Compare?
| Metric | 03584 | Lancaster | Berlin, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $305,234 | $305,234 | N/A | $496,656 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 9.6% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03584 (Lancaster, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,234 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (3.0%). 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 03584
Population: 3,439
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 03584
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 tenant pool like in Lancaster, NH?
Working renters make up the core of the Lancaster, NH tenant base. The pool is reasonable for investors targeting long-term holds.
What kind of vacancy should I budget for in Lancaster, NH?
Rental vacancy in Lancaster, NH is elevated. Investors should budget normal turnover but not chronic empty units.
Are homes affordable in Lancaster, NH?
Expect median prices around $305K in Lancaster, NH. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Can owner-occupants cash flow in Lancaster, NH?
House hacking in Lancaster, NH is a challenging. With home values around $305K and rents at $1,188/mo, owner-occupants can offset a meaningful share of PITI.
Is Lancaster, NH a good market for buy-and-hold investors?
Lancaster, NH scores 3.0/5 for investability. Home values sit at $305K and rents near $1,188/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 03584 now. You don’t know where it ranks.
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How 03584 ranks in Berlin, NH
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