Real Estate Investing in Alstead, New Hampshire (03602)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03602 (Alstead, NH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.9% 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 Alstead, NH (03602)?
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Market Analysis: 03602 Alstead
This part of Cheshire County is not an easy win. The 03602 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 03602 can be a an appealing option for hunting ground — but the discount at $368K reflects genuine risk that outside investors often underestimate.
Regionally, 03602 sits on the difficult end of the NH spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 03602 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. robust returns are possible in 03602, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Alstead:
Property Strategy for 03602
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $319,996 | $1,700 | 3.8% | +11.5% | $159,998 |
| 3BR | $382,610 | $2,240 | 4.2% | +11.2% | $127,537 |
| 4BR | $454,651 | $2,320 | 3.7% | +12.7% | $113,663 |
Market Trends
Home Value History (with trend line)
📊 How Does 03602 Compare?
| Metric | 03602 | Alstead | Keene, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $368,403 | $368,403 | N/A | $496,656 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 9.6% |
| Avg Rent | $1,530 | $1,530 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03602 (Alstead, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $368,403 |
| Monthly Rent | $1,530 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 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 (3.2%). 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 03602
Population: 2,415
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 03602
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 NH a landlord-friendly state?
NH ranks as a landlord-friendly state for landlord-tenant law. Alstead generally follows the statewide framework, so landlords face reasonable operating rules.
What strategy should investors use in Alstead, NH?
Most investors in Alstead, NH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How do home values compare in Alstead, NH?
Median home price in Alstead, NH is near $368K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
How does Alstead, NH rate as a rental market?
Investors tracking Alstead, NH will find a 3.0/5 rating supported by $368K median home values and $1,530/mo rents. That profile suits long-term holders targeting consistent returns.
What monthly rent should investors expect in Alstead, NH?
Rents in Alstead, NH run near $1,530/mo. Compared with median home prices of $368K that produces solid gross yields for typical rentals.
You know 03602 now. You don’t know where it ranks.
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How 03602 ranks in Keene, NH
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