Real Estate Investing in Hampton, New Hampshire (03842)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03842 (Hampton, 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: 23.9% of homes vacant — above national norms.
What’s happening in Hampton, NH (03842)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 03842 Hampton
From a cash-flow lens, ZIP 03842 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $635K median. It rewards specialists, not generalists.
For an experienced owner, 03842 can be a a solid fit for hunting ground — but the discount at $635K reflects genuine risk that outside investors often underestimate.
Within NH, ZIP 03842 trails on several market indicators that neighboring Rockingham County submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 03842 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 03842 is an operator game, not a passive one. From a cash-flow lens, entry prices of $635K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hampton:
Property Strategy for 03842
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $270,188 | $1,830 | 4.9% | +8.8% | $270,188 |
| 2BR | $501,968 | $2,390 | 3.4% | +8.3% | $250,984 |
| 3BR | $673,010 | $2,930 | 3.1% | +8.2% | $224,337 |
| 4BR | $862,882 | $3,200 | 2.7% | +9.0% | $215,721 |
| 5BR | $981,405 | — | — | +9.7% | $196,281 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03842 Compare?
| Metric | 03842 | Hampton | New Hampshire |
|---|---|---|---|
| Home Value | $635,413 | $635,413 | $496,656 |
| 5-Year CAGR | 6.0% | 6.0% | 9.6% |
| Avg Rent | $2,554 | $2,554 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 03842 (Hampton, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $635,413 |
| Monthly Rent | $2,554 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +16.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 03842
Population: 16,180
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 03842
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
North Hampton School
Lincoln Akerman School
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 1,202 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does house hacking work in Hampton, NH?
Hampton, NH offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,554/mo rent level.
What is the rental occupancy rate in Hampton, NH?
Vacancy in Hampton, NH is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,554/mo.
Is the tenant base reliable in Hampton, NH?
The tenant pool in Hampton, NH is solid, supported by local employment and population fundamentals. Rents of $2,554/mo are well-absorbed by the market.
Where do rents currently stand in Hampton, NH?
Average rent in Hampton, NH is approximately $2,554/mo per month. Against $635K home values that yields a reasonable rent-to-price ratio.
Is Hampton, NH good for landlords?
NH ranks as a landlord-friendly state for landlord-tenant law. Hampton generally follows the statewide framework, so landlords face reasonable operating rules.
You know 03842 now. You don’t know where it ranks.
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How 03842 ranks in Boston-Cambridge-Newton, MA-NH
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