ZIP Code 03872 Housing Market

📝 Local Market Notes

The housing market in ZIP code 03872, located within Carroll County, New Hampshire, demonstrates a robust long-term appreciation trend. Over the past five years, the FHFA House Price Index has surged from 252.11 in 2021 to 343.7 in 2025, representing a cumulative gain of approximately 36.3%. This trajectory indicates sustained demand and value realization for properties in this specific area, despite minor fluctuations observed in the 2024 reporting period. The recent year-over-year increase of 5.11% confirms that momentum remains strong, outpacing broader regional averages. When compared to wider geographic benchmarks, ZIP 03872 exhibits distinct divergence. Its 5.11% annual growth significantly exceeds the Carroll County average of 2.24% and the New Hampshire state average of 3.11%. This outperformance suggests that local factors are driving specific demand within 03872, distinguishing it from the slower-paced appreciation seen in neighboring areas like ZIP 03894, which recorded a decline of 1.36%. In contrast, ZIP 03830 shows even higher growth at 9.65%, indicating a spectrum of performance within the county. The alignment of 03872’s growth above the county median signals a resilient sub-market that is less sensitive to broader regional cooling trends. Based on the parent county’s American Community Survey data, which reports a median home value of $388,900 and an owner-occupancy rate of 83.4%, ZIP 03872 likely functions as a stable, owner-dominated residential area rather than a renter-heavy or purely luxury enclave. The high owner-occupancy rate correlates with long-term residential stability. For prospective buyers, the data indicates a market where values have risen sharply but continue to grow at a pace faster than the state average. Residents should note that while mortgage rates remain elevated at 7.40%, the specific strength of the 03872 market suggests that holding costs and entry prices remain competitive relative to the broader New Hampshire landscape. The combination of high owner occupancy and above-average price growth characterizes this ZIP as a desirable, established residential segment within Carroll County.

Based on FHFA House Price Index data.