Real Estate Investing in Dover, New Hampshire (03820)
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Should you buy in 03820 (Dover, NH)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Dover, NH (03820)?
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Market Analysis: 03820 Dover
This part of Strafford County is not an easy win. The 03820 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Looking more closely, the numbers look inviting — $548K purchase price, 0.0% nominal cap — the work to hit that pro forma in 03820 is substantial and deserves full respect.
Statewide comparisons place 03820 among NH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 03820 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 03820 is an operator game, not a passive one. Stepping back, entry prices of $548K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Dover:
Property Strategy for 03820
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $202,885 | $1,620 | 5.7% | +12.7% | $202,885 |
| 2BR | $394,058 | $2,120 | 3.9% | +10.1% | $197,029 |
| 3BR | $557,723 | $2,600 | 3.4% | +9.8% | $185,908 |
| 4BR | $678,266 | $2,840 | 3.0% | +10.2% | $169,567 |
| 5BR | $755,604 | — | — | +10.3% | $151,121 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03820 Compare?
| Metric | 03820 | Dover | New Hampshire |
|---|---|---|---|
| Home Value | $548,174 | $548,174 | $496,656 |
| 5-Year CAGR | 7.3% | 7.3% | 9.6% |
| Avg Rent | $2,273 | $2,273 | - |
| Cap Rate | 3.2% | 3.2% | - |
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 03820 (Dover, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $548,174 |
| Monthly Rent | $2,273 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
The current 30-yr mortgage rate (7.0%) exceeds the estimated cap rate (3.2%). 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 03820
Population: 33,150
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 03820
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
Investor Insight: With 869 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Dover, NH?
Expect rents around $2,273/mo per month in Dover, NH. With home values at $548K, the yield math works out to reasonable levels for rental investors.
Is Dover, NH better for rentals, flips, or BRRRR?
Dover, NH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($548K prices, $2,273/mo rents) make it a reasonable choice.
Is Dover, NH a smart market for rental property?
The 3.0/5 investability rating in Dover, NH reflects its $548K prices and $2,273/mo rents. Investors generally consider it a solid option within NH.
Are there empty rentals in Dover, NH?
Vacancy in Dover, NH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,273/mo.
Where do home prices stand in Dover, NH?
Dover, NH home values average about $548K. That price point suits investors targeting rentals with $2,273/mo in monthly income.
You know 03820 now. You don’t know where it ranks.
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How 03820 ranks in Boston-Cambridge-Newton, MA-NH
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