Real Estate Investing in Lebanon, New Hampshire (03784)
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Should you buy in 03784 (Lebanon, 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: 13.2% of homes vacant — above national norms.
What’s happening in Lebanon, NH (03784)?
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Market Analysis: 03784 Lebanon
This part of Grafton County is not an easy win. The 03784 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 03784 can be a a viable market for hunting ground — but the discount at $497K reflects genuine risk that outside investors often underestimate.
In the broader NH picture, 03784 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 03784 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.
Experienced landlords with local relationships tend to find 03784 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Lebanon:
Property Strategy for 03784
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $364,995 | $2,340 | 4.6% | +9.1% | $182,497 |
| 3BR | $487,152 | $3,170 | 4.7% | +10.8% | $162,384 |
| 4BR | $554,595 | $3,220 | 4.2% | — | $138,649 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 03784 Compare?
| Metric | 03784 | Lebanon | Lebanon, NH-VT | New Hampshire |
|---|---|---|---|---|
| Home Value | $497,320 | $476,310 | N/A | $496,656 |
| 5-Year CAGR | 8.0% | 7.9% | N/A | 9.6% |
| Avg Rent | $2,500 | $2,524 | N/A | - |
| Cap Rate | 3.9% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 03784 (Lebanon, NH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $497,320 |
| Monthly Rent | $2,500 |
| Price-to-Rent | 16.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.9%). 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 03784
Population: 4,057
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 03784
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
How should investors approach Lebanon, NH?
Lebanon, NH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($497K prices, $2,500/mo rents) make it a reasonable choice.
Can I live-in-and-rent in Lebanon, NH?
For house hackers, Lebanon, NH is a challenging. The $2,500/mo rent on a unit helps defray the mortgage on a $497K property.
Is Lebanon, NH a good market for buy-and-hold investors?
Yes - Lebanon, NH a 3.0/5 investability score. With $497K home prices against $2,500/mo monthly rent, the market delivers a reasonable entry point for new investors.
Should investors worry about vacancy in Lebanon, NH?
Occupancy in Lebanon, NH runs even-keeled with elevated vacancy. Well-priced units at $2,500/mo lease on reasonable timelines.
Is housing expensive in Lebanon, NH?
The median home value in Lebanon, NH is roughly $497K. That puts it reasonable relative to the NH statewide average.
You know 03784 now. You don’t know where it ranks.
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How 03784 ranks in Lebanon, NH-VT
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