Real Estate Investing in Walpole, New Hampshire (03609)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03609 (Walpole, 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: 19.7% 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 Walpole, NH (03609)?
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Market Analysis: 03609 Walpole
The 03609 ZIP covers a section of Walpole that demands careful diligence. Prices near $290K look accessible, but the work to make a deal cash flow is real.
The investment case in 03609 is durable only for operators who understand what they are buying. A $290K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 03609's metrics run below Cheshire County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 03609 includes headwinds that any investor should price in. Income distribution skews lower than Walpole averages, and tenant stability requires active management.
Distressed ZIPs reward experience. durable returns are possible in 03609, 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 Walpole:
Market Trends
Home Value History (with trend line)
📊 How Does 03609 Compare?
| Metric | 03609 | Walpole | Keene, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $289,653 | $388,038 | N/A | $496,656 |
| 5-Year CAGR | 10.9% | 9.4% | N/A | 9.6% |
| Avg Rent | $1,458 | $1,553 | N/A | - |
| Cap Rate | 3.9% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03609 (Walpole, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $289,653 |
| Monthly Rent | $1,458 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 14.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +9.5% ▲ |
| 5-Year CAGR | +10.9% ▲ |
| 10-Year CAGR | +10.4% ▲ |
🏠 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 (3.9%). 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 03609
Population: 618
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 03609
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
How do home values compare in Walpole, NH?
In Walpole, NH the median home value sits at $290K. Against the broader NH market, that reads as reasonable for most investors.
Is Walpole, NH a good market for buy-and-hold investors?
Investors tracking Walpole, NH will find a 3.0/5 rating supported by $290K median home values and $1,458/mo rents. That profile suits long-term holders targeting consistent returns.
How do landlord-tenant laws work in Walpole, NH?
NH ranks as a landlord-friendly state for landlord-tenant law. Walpole generally follows the statewide framework, so landlords face reasonable operating rules.
Can owner-occupants cash flow in Walpole, NH?
Walpole, NH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $290K price point reasonable to enter.
How strong is tenant demand in Walpole, NH?
Walpole, NH draws a reliable base of working renters. Demand at the $1,458/mo rent level is reasonable for standard single-family and small multi rentals.
You know 03609 now. You don’t know where it ranks.
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How 03609 ranks in Keene, NH
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