How much is a home worth in ZIP code 03038?

The typical home in 03038 is worth $500,954, based on the Zillow Home Value Index.

Are home values rising in 03038?

Home values in 03038 are up 3.2% over the past year, and up 6.8% a year over five years.

What is the typical rent in 03038?

A typical home in 03038 rents for about $2,196 a month, a gross rental yield of 5.3%.

What is the property tax rate in 03038?

The effective property tax rate in 03038 is 1.5% — roughly $7,521 a year on a typical home.

ZIP code 03038 has a population of 34,474 and a median household income of $108,322.

HousingHandbookReference data

…

U.S. ZIP Code · NH03038

Rockingham County · Boston-Cambridge-Newton, MA-NH

Typical home value

$500,954^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.2%
5-year / yr: +6.8%
10-year / yr: +8.1%

Relative price

vs U.S.: +76.4%
vs metro: -31.0%
vs state: +5.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 03038 is worth $500,954 — 31.0% below the Boston-Cambridge-Newton, MA-NH median. Over the past year, values have risen 3.2%. Homes here rent for a typical $2,196 a month — a 5.3% gross rental yield. The effective property tax rate is 1.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,196^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.5%^[3]
Typical annual tax: $7,521^[3]

#Climate risk

FEMA National Risk Index ratings for Rockingham County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Relatively High
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Relatively Moderate
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 34,474^[3]
Median household income: $108,322^[3]

#Migration

Household moves in and out of Rockingham County over a year, from IRS tax-return data.

Net migration: +392^[5]
Moved in: 9,839
Moved out: 9,447

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 5
Middle: 2
High: 2

Pinkerton Academy
High · Grades 9–13 · Pinkerton Academy School District
3,057 students
Ernest P. Barka Elementary School
Elementary · Grades K–5 · Derry Cooperative School District
548 students
Gilbert H. Hood Middle School
Middle · Grades 6–8 · Derry Cooperative School District
519 students
West Running Brook Middle School
Middle · Grades 6–8 · Derry Cooperative School District
518 students
Derry Village School
Elementary · Grades K–5 · Derry Cooperative School District
377 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$26,349

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,533

Loan principal$400,763

Down payment$100,191

Total interest paid$511,151

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.63

Monthly cost to own$3,577

Monthly rent$2,196

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 77th percentile^[1]
Rental yield: 84th percentile^[2]
Property tax: 87th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 03038?: The typical home in 03038 is worth $500,954, based on the Zillow Home Value Index.
Are home values rising in 03038?: Home values in 03038 are up 3.2% over the past year, and up 6.8% a year over five years.
What is the typical rent in 03038?: A typical home in 03038 rents for about $2,196 a month, a gross rental yield of 5.3%.
What is the property tax rate in 03038?: The effective property tax rate in 03038 is 1.5% — roughly $7,521 a year on a typical home.
Who lives in 03038?: ZIP code 03038 has a population of 34,474 and a median household income of $108,322.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

01718 vs 03038 →
MA
Typical home
$502,564
Gross yield
—
02302 vs 03038 →
Brockton, MA
Typical home
$497,625
Gross yield
—
02576
West Wareham CDP, MA
Typical home
$494,790
Gross yield
—
01469
Townsend CDP, MA
Typical home
$509,562
Gross yield
—
03855
NH
Typical home
$513,967
Gross yield
—
01841
Lawrence, MA
Typical home
$487,887
Gross yield
5.0%

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#Jump to section

U.S. ZIP Code · NH03038

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