HousingHandbookReference data

U.S. ZIP Code · NH03235

Merrimack County

Typical home value

$380,625[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.1%
5-year / yr
+8.6%
10-year / yr
+9.9%

Relative price

vs U.S.
+34.0%
vs metro
vs state
-20.2%
ZIP 03235 location in NH
Location of ZIP 03235 in NH

Price history

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

The typical home in 03235 is worth $380,625. Over the past year, values have risen 4.1%. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$6,588[3]

#Climate risk

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

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Moderate
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
8,903[3]
Median household income
$71,775[3]

#Migration

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

Net migration
+346[5]
Moved in
4,824
Moved out
4,478

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Franklin Middle School

    Middle · Grades 4–8 · Franklin School District

    331 students

  • Paul A. Smith School

    Elementary · Grades PK–3 · Franklin School District

    281 students

  • Franklin High School

    High · Grades 9–13 · Franklin School District

    277 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,925
Loan principal$304,500
Down payment$76,125
Total interest paid$388,373

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.

Own : rent ratio
Monthly cost to own$2,791
Monthly rent

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
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 03235?
The typical home in 03235 is worth $380,625, based on the Zillow Home Value Index.
Are home values rising in 03235?
Home values in 03235 are up 4.1% over the past year, and up 8.6% a year over five years.
What is the property tax rate in 03235?
The effective property tax rate in 03235 is 1.7% — roughly $6,588 a year on a typical home.
Who lives in 03235?
ZIP code 03235 has a population of 8,903 and a median household income of $71,775.

Compare ZIPs

Pit ZIP 03235 against any other ZIP — full side-by-side table.

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