Real Estate Investing in Lebanon, New Hampshire (03766)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03766 (Lebanon, 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: 17.1% of homes vacant — above national norms.
What’s happening in Lebanon, NH (03766)?
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Market Analysis: 03766 Lebanon
From an investor standpoint, ZIP 03766 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $455K median. It rewards specialists, not generalists.
The 03766 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 03766's metrics run below Grafton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 03766 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. sturdy returns are possible in 03766, 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 Lebanon:
Property Strategy for 03766
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $240,361 | $2,020 | 6.1% | +10.6% | $240,361 |
| 2BR | $324,681 | $2,650 | 5.9% | +11.9% | $162,340 |
| 3BR | $477,288 | $3,600 | 5.4% | +10.6% | $159,096 |
| 4BR | $582,901 | $3,650 | 4.5% | +11.2% | $145,725 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03766 Compare?
| Metric | 03766 | Lebanon | Lebanon, NH-VT | New Hampshire |
|---|---|---|---|---|
| Home Value | $455,300 | $476,310 | N/A | $496,656 |
| 5-Year CAGR | 7.7% | 7.9% | N/A | 9.6% |
| Avg Rent | $2,549 | $2,524 | N/A | - |
| Cap Rate | 4.4% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03766 (Lebanon, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $455,300 |
| Monthly Rent | $2,549 |
| Price-to-Rent | 14.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +11.6% ▲ |
| 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 03766
Population: 10,702
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 03766
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
Should investors consider Lebanon, NH?
The 3.0/5 investability rating in Lebanon, NH reflects its $455K prices and $2,549/mo rents. Investors generally consider it a solid option within NH.
How quickly do rentals get leased in Lebanon, NH?
Vacancy risk in Lebanon, NH is elevated. That supports steady cash flow for typical rental holds.
What is the average monthly rent in Lebanon, NH?
Rent in Lebanon, NH is around $2,549/mo. The resulting rent-to-value relationship with $455K pricing is reasonable for most investor models.
Are landlord laws favorable in Lebanon, NH?
Rental owners in Lebanon, NH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is tenant demand in Lebanon, NH?
Working renters make up the core of the Lebanon, NH tenant base. The pool is reasonable for investors targeting long-term holds.
You know 03766 now. You don’t know where it ranks.
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How 03766 ranks in Lebanon, NH-VT
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Community Ratings
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