Real Estate Investing in Madison, New Hampshire (03849)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 03849 (Madison, 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: 54.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Madison, NH (03849)?
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Market Analysis: 03849 Madison
Not every below-median market is a bargain. Madison's 03849 ZIP records signals that favor experienced operators who can absorb the risk $457K pricing implies.
The 03849 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 03849 trails on several market indicators that neighboring Carroll County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
A sturdy renter share of 20% in 03849 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 03849 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Madison:
Property Strategy for 03849
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $352,070 | $1,830 | 3.7% | +9.4% | $176,035 |
| 3BR | $442,698 | $2,520 | 4.1% | +10.0% | $147,566 |
| 4BR | $572,123 | $3,030 | 3.8% | +9.1% | $143,031 |
Market Trends
Home Value History (with trend line)
📊 How Does 03849 Compare?
| Metric | 03849 | Madison | New Hampshire |
|---|---|---|---|
| Home Value | $457,358 | $477,088 | $496,656 |
| 5-Year CAGR | 5.8% | 5.5% | 9.6% |
| Avg Rent | $1,647 | $1,584 | - |
| Cap Rate | 2.8% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03849 (Madison, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $457,358 |
| Monthly Rent | $1,647 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.8%). 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 03849
Population: 1,451
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 03849
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
How much rent can I charge in Madison, NH?
Rents in Madison, NH run near $1,647/mo. Compared with median home prices of $457K that produces solid gross yields for typical rentals.
How expensive is real estate in Madison, NH?
Median home price in Madison, NH is near $457K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Is real estate in Madison, NH a good investment right now?
Madison, NH rates 3.0/5 for investability. With median values at $457K and rents near $1,647/mo, the market offers reasonable fundamentals for rental investors.
Is vacancy a concern in Madison, NH?
Expect elevated vacancy in Madison, NH. Rents at $1,647/mo are absorbed by the tenant base without meaningful lag.
Are landlord laws favorable in Madison, NH?
Madison, NH operates under NH law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
You know 03849 now. You don’t know where it ranks.
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