Real Estate Investing in Lempster, New Hampshire (03605)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03605 (Lempster, 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: 52.7% 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 Lempster, NH (03605)?
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Market Analysis: 03605 Lempster
Put differently, ZIP 03605 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $325K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 03605 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 03605's metrics run below Sullivan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 6% in 03605 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 03605 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lempster:
Property Strategy for 03605
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $293,631 | $2,040 | 5.0% | +11.3% | $146,816 |
| 3BR | $329,816 | $2,790 | 6.1% | +11.3% | $109,939 |
Market Trends
Home Value History (with trend line)
📊 How Does 03605 Compare?
| Metric | 03605 | Lempster | Lebanon, NH-VT | New Hampshire |
|---|---|---|---|---|
| Home Value | $325,121 | $325,121 | N/A | $496,656 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 9.6% |
| Avg Rent | $1,836 | $1,836 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03605 (Lempster, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $325,121 |
| Monthly Rent | $1,836 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.4%). 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 03605
Population: 863
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 03605
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 is the average home sale price in Lempster, NH?
Typical homes in Lempster, NH go for around $325K. The 5-year CAGR of 0.0% consistent price movement.
How high is vacancy risk in Lempster, NH?
Lempster, NH carries elevated vacancy risk. Expect steady absorption at market rents of $1,836/mo.
How strong is the working-renter base in Lempster, NH?
Tenant demand in Lempster, NH is solid. The local workforce $1,836/mo rents across most rental classes.
What real estate strategy is ideal for Lempster, NH?
For Lempster, NH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the average monthly rent in Lempster, NH?
Expect rents around $1,836/mo per month in Lempster, NH. With home values at $325K, the yield math works out to reasonable levels for rental investors.
You know 03605 now. You don’t know where it ranks.
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How 03605 ranks in Lebanon, NH-VT
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