ZIP Code · NH

ZIP 03431

Part of Keene, NH

Pop. 25,065·Cheshire County·22nd most expensive ZIP in New Hampshire

Median rent (all units)

$1,833/mo

Year-over-Year

+3.2%

Month-over-Month

+0.6%

vs US Median

-$99

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 03431 · $1,833

More expensive than 51% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,370

1 BR

$1,520

2 BR

$1,990

3 BR

$2,600

4 BR+

$2,630

Research median

$1,990/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 03431 is at its highest level since Zillow's records here began in October 2022.

Past year vs. the rest of New Hampshire

Rent in ZIP 03431 changed +3.2% over the year to September 2026. Across the 20 New Hampshire ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($79,541) is $1,989 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,520); a 2-bedroom is $1,990.

From Zillow's monthly rent index (ZORI) for ZIP 03431. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,996/yr

At $1,833/mo median

Location

CityKeene

StateNH

CountyCheshire County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 03431 (Keene, NH) is majority owner-occupied, skews toward younger working-age adults, 41.9% of residents hold a bachelor's degree or higher.

Population

25,065

Median income

$79,541

Median age

38.4

Renters

43.8%

Age distribution

14.2%

31.5%

22.9%

19.5%

Under 1814.2%

18–3431.5%

35–5422.9%

55–6412%

65+19.5%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

92.1%

White92.1%

Black1.5%

Hispanic1.7%

Asian0.6%

Other3.9%

Education (25+)

26.7%

25.9%

41.9%

No HS diploma5.4%

HS diploma26.7%

Some college25.9%

Bachelor's+41.9%

Housing tenure

56.2%

43.8%

Owner56.2%

Renter43.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 03431 in Keene, NH has changed in 5 years

Rent

$1,572 → $1,833

up 16.6%

Income

$62,938 → $79,541

up 26.4%

Population

25,062 → 25,065

up 0.0%

Renter share

45.2% → 43.8%

-1.4 pts

Bachelor's+

40.4% → 41.9%

+1.5 pts

Median age

37.6 → 38.4

+0.8 yrs

Across the past five years, the going rent in ZIP 03431 in Keene, NH has shifted from $1,572 to $1,833, up 16.6% since 2023. Local incomes tracked alongside that move, going from a median of $62,938 in 2021 to $79,541 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 03431 in Keene, NH market of 2023.

Community

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Local insights

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About renting in ZIP 03431

Last updated: October 17, 2026

ZIP code 03431 covers Keene, NH. The median rent here is $1,833/mo as of October 2026. A 1-bedroom rents for a median of $1,520/mo. A 2-bedroom rents for a median of $1,990/mo.

At 28% of local median household income ($79,541/yr), ZIP 03431 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 03431?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,833/mo in ZIP 03431. The local median household income is $79,541/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 03431?

Rent in ZIP 03431 has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2022.

How does ZIP 03431 compare to other ZIPs in New Hampshire?

ZIP 03431 is one of the more affordable among New Hampshire ZIP codes for rent, ranking #22 of 24 at $1,833/mo. Over the year to September 2026, rent in ZIP 03431 changed +3.2%, against a typical +3.4% across the 20 New Hampshire ZIP codes Zillow tracks.