Real Estate Investing in Albany, New Hampshire (03818)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03818 (Albany, 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: 28.6% of homes vacant — above national norms.
- Higher unemployment: 10.1% unemployment — tenant risk signal.
- 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 Albany, NH (03818)?
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Market Analysis: 03818 Albany
This part of Carroll County is not an easy win. The 03818 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 03818 can be a worth a close look for hunting ground — but the discount at $439K reflects genuine risk that outside investors often underestimate.
Put differently, 03818 offers a low basis, the region around Albany has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A substantial renter share of 29% in 03818 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. healthy returns are possible in 03818, 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 Albany:
Property Strategy for 03818
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $188,803 | $1,120 | 4.3% | +10.3% | $188,803 |
| 2BR | $329,810 | $1,430 | 3.1% | +11.4% | $164,905 |
| 3BR | $463,986 | $1,970 | 3.1% | +11.1% | $154,662 |
| 4BR | $573,339 | $2,370 | 3.0% | +11.1% | $143,335 |
Market Trends
Home Value History (with trend line)
📊 How Does 03818 Compare?
| Metric | 03818 | Albany | New Hampshire |
|---|---|---|---|
| Home Value | $439,405 | $439,405 | $496,656 |
| 5-Year CAGR | 7.4% | 7.4% | 9.6% |
| Avg Rent | $1,287 | $1,287 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 03818 (Albany, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $439,405 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 28.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 03818
Population: 3,930
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 03818
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.
Frequently Asked Questions
What approach is best for Albany, NH real estate?
For Albany, NH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Albany, NH good for house hacking?
Albany, NH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $439K price point reasonable to enter.
What is the median home value in Albany, NH?
Albany, NH home values average about $439K. That price point suits investors targeting rentals with $1,287/mo in monthly income.
What is it like being a landlord in Albany, NH?
The landlord environment in Albany, NH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is the working-renter base in Albany, NH?
Albany, NH offers a consistent renter base at the $1,287/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 03818 now. You don’t know where it ranks.
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