Swanzey is home to the best residential real estate investment market in New Hampshire.
The 03446 zip code in Swanzey presents the greatest opportunity for the best real estate investments among the 316 individual real estate markets in New Hampshire we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market's InvestScore.
5 best places to invest in New Hampshire
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1. Swanzey
We've identified the 03446 zip code in Swanzey as New Hampshire's best real estate investment market. Here's why.
🔎 Key data about Swanzey
| Data point | Value | Rank in state (of 316 markets) |
|---|---|---|
| Zip code | 03446 | N/A |
| InvestScore | 100 | Highest |
| Typical property value | $336,336[1] | 9th lowest |
| Five-year appreciation | 75.88%[2] | 17th highest |
| Household income | $78,451[3] | 55th highest |
| Affordability ratio | 4.3 | 14th most affordable |
| Five-year population growth | 10.9%[4] | 6th highest |
| Unemployment rate | 1.8%[5] | 11st lowest |
| Property taxes | $5,728[6] | 22nd lowest |
| Educational attainment | 25.8%[7] | 64th highest |
Swanzey (zip code 03446) is the best residential real estate investment market in New Hampshire. It has the 17th highest property value appreciation among markets we evaluated, with a 75.88% appreciation of the typical property over the last five years.
Swanzey is the 14th most affordable market among the 316 New Hampshire markets we evaluated, with an affordability ratio of 4.3.
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2. Gilford
The 03249 zip code in Gilford is the runner-up spot for the best real estate investments in New Hampshire.
🔎 Key data about Gilford
| Data point | Value | Rank in state (of 316 markets) |
|---|---|---|
| Zip code | 03249 | N/A |
| InvestScore | 99.3 | 2nd highest |
| Typical property value | $496,832[8] | 49th lowest |
| Five-year appreciation | 88.08%[9] | 5th highest |
| Household income | $112,522[10] | 21st highest |
| Affordability ratio | 4.4 | 21st most affordable |
| Five-year population growth | 8.6%[11] | 9th highest |
| Unemployment rate | 1.6%[12] | 8th lowest |
| Property taxes | $4,811[13] | 11th lowest |
| Educational attainment | 43.2%[14] | 29th highest |
The 03249 zip code in Gilford features a typical property value of $496,832, the 49th lowest in the state.
Property values have appreciated 88.08% over the past five years, the 5th highest increase among evaluated markets in the state. Gilford homes have an affordability ratio of 4.4, the 21st most affordable in the state.
3. Newport
The 03773 zip code in Newport comes in at No. 3 in our ranking of the best residential real estate investment markets in New Hampshire.
🔎 Key data about Newport
| Data point | Value | Rank in state (of 316 markets) |
|---|---|---|
| Zip code | 03773 | N/A |
| InvestScore | 97.2 | 3rd highest |
| Typical property value | $305,179[15] | 4th lowest |
| Five-year appreciation | 90.65%[16] | 3rd highest |
| Household income | $74,523[17] | 62nd highest |
| Affordability ratio | 4.1 | 7th most affordable |
| Five-year population growth | 1.9%[18] | 54th highest |
| Unemployment rate | 2.9%[19] | 34th lowest |
| Property taxes | $4,722[20] | 8th lowest |
| Educational attainment | 25.4%[21] | 66th highest |
With a typical property value of $305,179, Newport's 03773 zip code features the 4th lowest property values in the state.
Newport homes have an affordability ratio of 4.1, the 7th most affordable among the markets we evaluated.
4. Rindge
The 03461 zip code in Rindge ranks No. 4 among New Hampshire's residential real estate investment markets.
🔎 Key data about Rindge
| Data point | Value | Rank in state (of 316 markets) |
|---|---|---|
| Zip code | 03461 | N/A |
| InvestScore | 95.3 | 4th highest |
| Typical property value | $433,163[22] | 30th lowest |
| Five-year appreciation | 81.89%[23] | 11th highest |
| Household income | $97,794[24] | 11th highest |
| Affordability ratio | 4.4 | 22nd most affordable |
| Five-year population growth | 7.3%[25] | 12th highest |
| Unemployment rate | 1.5%[26] | 6th lowest |
| Property taxes | $6,269[27] | 34th lowest |
| Educational attainment | 34.1%[28] | 47th highest |
Property values in Rindge's 03461 zip code have seen the 11th highest increase among evaluated markets in the state, with an appreciation of 81.89% over the past five years.
Rindge's affordability ratio of 4.4 makes it the 22nd most affordable among the 316 markets we evaluated.
5. Claremont
The 03743 zip code in Claremont rounds out our top five residential real estate investment markets in New Hampshire.
🔎 Key data about Claremont
| Data point | Value | Rank in state (of 316 markets) |
|---|---|---|
| Zip code | 03743 | N/A |
| InvestScore | 89 | 5th highest |
| Typical property value | $239,007[29] | 2nd lowest |
| Five-year appreciation | 94.24%[30] | 2nd highest |
| Household income | $53,957[31] | 2nd highest |
| Affordability ratio | 4.4 | 23rd most affordable |
| Five-year population growth | -0.7%[32] | 66th highest |
| Unemployment rate | 2.3%[33] | 19th lowest |
| Property taxes | $5,742[34] | 24th lowest |
| Educational attainment | 22.8%[35] | 73rd highest |
Property values in Claremont's 03743 zip code rose 94.24% over the last five years, ranking the city 2nd highest among evaluated markets in New Hampshire.
Claremont homes have an affordability ratio of 4.4, the 23rd most affordable among the markets we evaluated.
Investing in residential real estate can be one of the best passive real estate investments in New Hampshire.
Residential real estate offers accessible passive income and the potential to compound your original investment.
Renting out residential units is the top way to invest in real estate. House hacking also offers a great opportunity for passive real estate investment income.
How we rank residential real estate markets in New Hampshire
To determine the best real estate investments in New Hampshire we evaluated 316 markets on eight metrics, and then assigned an InvestScore based on their weighted and combined rankings. Each market corresponds to a specific zip code in New Hampshire.
What is InvestScore?
InvestScore is a score on a scale of 0 (worst in state) to 100 (best in state) that estimates the residential real estate investment potential of a given market. It takes into account a suite of key data points for each city.
- Typical property value: This measures the typical home value in this zip code, according to the Zillow Home Value Index. It reflects the typical value for homes in the 35th to 65th percentile range, including all homes, with the numbers smoothed and seasonally adjusted. We prefer lower property values, which indicate both more room for growth and a greater ease of purchase. We assign a weight of 20% to typical property values.
- Property value appreciation: This measures how much property values have increased in the area over the past five years, according to the Zillow Home Value Index. We prefer a higher appreciation, as it indicates better returns on housing. However, past performance isn't indicative of future results. We assign a weight of 20% to property value appreciation.
- Median household income: This is the inflation-adjusted median household income in the zip code, according to U.S. Census American Community Survey data. We prefer a higher household income, as it indicates local residents have more income to spend on housing. We assign a weight of 10% to median household income.
- Affordability ratio: This is the ratio of the typical home value to the median household income in the area. A lower ratio is better because it means more households can afford a home, which indicates higher demand. We assign a weight of 15% to the affordability ratio.
- Population growth: This is how much the area's population has grown over the past five years, according to U.S. Census estimates. Higher is better, as it indicates residents are moving into the area at a rapid clip. We assign a weight of 10% to population growth.
- Unemployment rate: This is the unemployment rate in the area, according to U.S. Census data. We prefer a lower rate, as it indicates the availability of steady employment in the area, meaning residents will find it much easier to afford homes. We assign a weight of 15% to unemployment rate.
- Property tax: This is the median real estate property tax paid in the area, according to U.S. Census estimates. We assign a weight of 10% to property tax.
- Educational attainment: This is the percentage of residents in the area that have obtained a bachelor's degree or better, according to U.S. Census estimates. We prefer a higher rate because it indicates local residents who have higher earning potential and thus should be able to afford homes. We assign a weight of 15% to educational attainment.
🚨 Disclaimer: The information contained in this article isn't intended as, and shall not be understood or constituted as, financial advice. The information in this article isn't a substitute for financial advice from an investment professional or real estate agent who is aware of the facts and circumstances of your financial situation or the specifics of any individual property.
