Real Estate Investing in Randolph, New Hampshire (03593)
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Should you buy in 03593 (Randolph, 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: 43.3% 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 Randolph, NH (03593)?
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Market Analysis: 03593 Randolph
Not every below-median market is a bargain. Randolph's 03593 ZIP records signals that favor experienced operators who can absorb the risk $407K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $407K asset, 03593 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader NH picture, 03593 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 03593 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 03593 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Randolph:
Market Trends
Home Value History (with trend line)
📊 How Does 03593 Compare?
| Metric | 03593 | Randolph | Berlin, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $407,456 | $407,456 | N/A | $496,656 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 9.6% |
| Avg Rent | $1,737 | $1,737 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
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📊 Market Snapshot
| Home Value | $407,456 |
| Monthly Rent | $1,737 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (3.3%). 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 03593
Population: 423
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
Frequently Asked Questions
What are vacancy rates like in Randolph, NH?
Randolph, NH sees elevated vacancy, which is reasonable relative to the broader NH rental market.
Are tenants stable in Randolph, NH?
Working renters make up the core of the Randolph, NH tenant base. The pool is reasonable for investors targeting long-term holds.
What monthly rent should investors expect in Randolph, NH?
Average rent in Randolph, NH is approximately $1,737/mo per month. Against $407K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Randolph, NH?
Homes in Randolph, NH typically sell near $407K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
What kind of market is Randolph, NH for investors?
Investors tracking Randolph, NH will find a 3.0/5 rating supported by $407K median home values and $1,737/mo rents. That profile suits long-term holders targeting predictable returns.
You know 03593 now. You don’t know where it ranks.
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How 03593 ranks in Berlin, NH
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