Real Estate Investing in Farmington, New Hampshire (03835)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03835 (Farmington, 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.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
What’s happening in Farmington, NH (03835)?
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Market Analysis: 03835 Farmington
Investors eyeing 03835 need to respect the fundamentals at play. Home values of $430K come alongside slower price movement and elevated management overhead.
The 03835 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within NH, ZIP 03835 trails on several market indicators that neighboring Strafford County submarkets outperform. The gap is real and robust enough to shape underwriting.
Meanwhile, 6,800 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 03835 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Farmington:
Property Strategy for 03835
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $352,195 | $1,770 | 3.6% | +10.4% | $176,097 |
| 3BR | $417,245 | $2,190 | 3.8% | +10.4% | $139,082 |
| 4BR | $433,444 | $2,480 | 4.1% | +10.0% | $108,361 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03835 Compare?
| Metric | 03835 | Farmington | New Hampshire |
|---|---|---|---|
| Home Value | $429,797 | $429,797 | $496,656 |
| 5-Year CAGR | 8.3% | 8.3% | 9.6% |
| Avg Rent | $1,350 | $1,350 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 03835 (Farmington, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $429,797 |
| Monthly Rent | $1,350 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.3% ▲ |
| 5-Year CAGR | +8.3% ▲ |
| 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 (2.5%). 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 03835
Population: 6,800
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 03835
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
What is the average home sale price in Farmington, NH?
Farmington, NH home values average about $430K. That price point suits investors targeting rentals with $1,350/mo in monthly income.
Is it easy to find good tenants in Farmington, NH?
Tenant quality in Farmington, NH ranks as solid. Landlords generally report steady occupancy at market rents of $1,350/mo.
Are there empty rentals in Farmington, NH?
Vacancy risk in Farmington, NH is elevated. That supports measured cash flow for typical rental holds.
Is Farmington, NH good for house hacking?
Farmington, NH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $430K price point reasonable to enter.
Are eviction rules reasonable in Farmington, NH?
Rental owners in Farmington, NH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 03835 now. You don’t know where it ranks.
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How 03835 ranks in Boston-Cambridge-Newton, MA-NH
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