Real Estate Investing in Milan, New Hampshire (03588)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03588 (Milan, 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: 33.8% 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 Milan, NH (03588)?
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Market Analysis: 03588 Milan
Investors eyeing 03588 need to respect the fundamentals at play. Home values of $279K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 03588 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 03588 and stronger Milan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 03588 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 03588 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 Milan:
Property Strategy for 03588
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $156,619 | $1,140 | 5.2% | +11.8% | $156,619 |
| 2BR | $252,073 | $1,480 | 4.2% | +11.5% | $126,036 |
| 3BR | $321,351 | $1,960 | 4.4% | +11.0% | $107,117 |
| 4BR | $357,088 | $1,960 | 4.0% | +10.6% | $89,272 |
Market Trends
Home Value History (with trend line)
📊 How Does 03588 Compare?
| Metric | 03588 | Milan | Berlin, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $279,175 | $279,175 | N/A | $496,656 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 9.6% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03588 (Milan, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,175 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (3.7%). 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 03588
Population: 1,674
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 03588
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
Is vacancy a concern in Milan, NH?
Expect elevated vacancy in Milan, NH. Rents at $1,332/mo are absorbed by the tenant base without meaningful lag.
Is it easy to find good tenants in Milan, NH?
Tenant demand in Milan, NH is solid. The local workforce $1,332/mo rents across most rental classes.
How much is rent in Milan, NH?
Milan, NH rentals go for roughly $1,332/mo a month. That puts gross yield in solid territory relative to $279K acquisition costs.
Are eviction rules reasonable in Milan, NH?
Milan, NH falls under NH landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Are homes affordable in Milan, NH?
Milan, NH home values average about $279K. That price point suits investors targeting rentals with $1,332/mo in monthly income.
You know 03588 now. You don’t know where it ranks.
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How 03588 ranks in Berlin, NH
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