Real Estate Investing in Bartlett, New Hampshire (03838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03838 (Bartlett, 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: 70.4% of homes vacant — above national norms.
- Higher unemployment: 8.8% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bartlett, NH (03838)?
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Market Analysis: 03838 Bartlett
The 03838 ZIP in Bartlett, NH is a local-operator market. Outside capital chasing a $474K entry has to pair deep knowledge with the discount.
The investment case in 03838 is substantial only for operators who understand what they are buying. A $474K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 03838's metrics run below Carroll County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 29% in 03838 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 03838 is an operator game, not a passive one. On balance, entry prices of $474K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bartlett:
Property Strategy for 03838
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $369,959 | $2,030 | 4.0% | +12.7% | $184,979 |
| 3BR | $699,155 | $2,790 | 2.9% | +11.2% | $233,052 |
Market Trends
Home Value History (with trend line)
📊 How Does 03838 Compare?
| Metric | 03838 | Bartlett | New Hampshire |
|---|---|---|---|
| Home Value | $473,520 | $494,743 | $496,656 |
| 5-Year CAGR | 6.2% | 6.5% | 9.6% |
| Avg Rent | $1,827 | $1,868 | - |
| Cap Rate | 3.0% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03838 (Bartlett, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $473,520 |
| Monthly Rent | $1,827 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.0%). 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 03838
Population: 1,152
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
Frequently Asked Questions
What price range are homes in Bartlett, NH?
Median home price in Bartlett, NH is near $474K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What is the best play in Bartlett, NH?
For Bartlett, NH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How does Bartlett, NH rate as a rental market?
Bartlett, NH rates 3.0/5 for investability. With median values at $474K and rents near $1,827/mo, the market offers reasonable fundamentals for rental investors.
What is it like being a landlord in Bartlett, NH?
NH ranks as a landlord-friendly state for landlord-tenant law. Bartlett generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is the working-renter base in Bartlett, NH?
The renter base in Bartlett, NH is reasonable for the $1,827/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
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