Real Estate Investing in Alton, New Hampshire (03809)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03809 (Alton, 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: 23.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.5 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alton, NH (03809)?
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Market Analysis: 03809 Alton
The 03809 ZIP in Alton, NH is a local-operator market. Outside capital chasing a $544K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 03809 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 03809 sits on the difficult end of the NH spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 03809 ZIP's population of 3,684 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 03809 is an operator game, not a passive one. From a cash-flow lens, entry prices of $544K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Alton:
Property Strategy for 03809
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $403,712 | $1,770 | 3.2% | +11.3% | $201,856 |
| 3BR | $524,329 | $2,190 | 3.0% | +11.5% | $174,776 |
| 4BR | $641,165 | $2,480 | 2.8% | +10.3% | $160,291 |
Market Trends
Home Value History (with trend line)
📊 How Does 03809 Compare?
| Metric | 03809 | Alton | Laconia, NH | New Hampshire |
|---|---|---|---|---|
| Home Value | $543,881 | $620,513 | N/A | $496,656 |
| 5-Year CAGR | 8.0% | 7.5% | N/A | 9.6% |
| Avg Rent | $1,593 | $1,400 | N/A | - |
| Cap Rate | 2.3% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03809 (Alton, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $543,881 |
| Monthly Rent | $1,593 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (2.3%). 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 03809
Population: 3,684
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 03809
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 housing expensive in Alton, NH?
Alton, NH median home values land near $544K. That is reasonable territory for investors looking at $1,593/mo-per-month rentals.
How much rent can I charge in Alton, NH?
Rents in Alton, NH run near $1,593/mo. Compared with median home prices of $544K that produces solid gross yields for typical rentals.
Is it easy to find good tenants in Alton, NH?
Tenant demand in Alton, NH is solid. The local workforce $1,593/mo rents across most rental classes.
What is the rental occupancy rate in Alton, NH?
Occupancy in Alton, NH runs measured with elevated vacancy. Well-priced units at $1,593/mo lease on reasonable timelines.
How strict are landlord regulations in Alton, NH?
Alton, NH operates under NH law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 03809 now. You don’t know where it ranks.
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How 03809 ranks in Laconia, NH
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