ZIP Code 03038: Population, Income, Housing

State: NH
Total population: 34,474 Household income: $108,322 Rent: $1,547

Overview

Total population
34,474
Rent
$1,547
Year built
1983
Household income
$108,322
Per capita income
$50,557
Poverty rate
4.1%
Unemployment rate
N/A
Household size
2.6 persons
Rent over 30% of income
47.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
New Hampshire
County
Rockingham County
City
Derry Village
Total population
34,474
Adults over 25
24,745
Total households
13,155
Household size
2.6 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$108,322
Per capita income
$50,557
Poverty rate
4.1%
Unemployment rate
N/A
Rent over 30% of income
47.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$1,547
Year built
1983
Households that rent
30.3%
Households that own
69.7%
Rooms per home (all homes)
5.6

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
90%
Black
1.2%
Asian
2%
Two or more races
5.5%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
5%
Not Hispanic or Latino
95%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
16,279 (84%)
Commute time to work
31 mins
Work from home
3,106 (16%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
23.5%
High school graduate or GED
28.7%
Some college or associate degree
10.9%
Bachelor’s degree or higher
36.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 03038 with: Rockingham County, NH Boston metro area, MA-NH New Hampshire United States

ZIP 03038

Total population34,474
Rent$1,547
Year built1983
Household income$108,322
Per capita income$50,557
Poverty rate4.1%
Unemployment rateN/A

Rockingham County, NH

Total population319,082
Rent$1,687
Year built1983
Household income$118,331
Per capita income$61,558
Poverty rate4.8%
Unemployment rate3%

Boston Metro Area, MA-NH

Total population4,953,354
Rent$2,023
Year built1964
Household income$115,863
Per capita income$63,282
Poverty rate8.9%
Unemployment rate3.7%

New Hampshire State

Total population1,394,868
Rent$1,491
Year built1979
Household income$99,031
Per capita income$52,798
Poverty rate7.2%
Unemployment rate2.6%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP03038 CountyRockingham, NHMetro AreaBoston metro area, MA-NHStateNew HampshireCountryUnited States
Total population34,474319,0824,953,3541,394,868334,922,499
Rent$1,547$1,687$2,023$1,491$1,413
Year built19831983196419791980
Household income$108,322$118,331$115,863$99,031$80,734
Per capita income$50,557$61,558$63,282$52,798$44,673
Poverty rate4.1%4.8%8.9%7.2%12.5%
Unemployment rateN/A3%3.7%2.6%4%

View the full multi-level comparison →

 

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Summary for 03038

Rent & Income

In 03038, the typical monthly rent is $1,547 and the typical household income is $108,322. Rent here is similar to New Hampshire, and household income is higher than New Hampshire. The estimated poverty rate is 4.1%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 30.3% of households. About 47.2% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 36.9% of adults holding a bachelor’s degree or higher.

 

ZIP 03038 — Rent vs Household Income

 

 

ZIP 03038 — Poverty

 

 

How ZIP 03038 compares in New Hampshire (8 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $1,547 3 / 8 from lower rent $1,436 – $1,626
Household income $108,322 2 / 8 from higher income $73,540 – $110,490
Poverty rate 4.1% 1 / 8 from lower poverty 4.1% – 13.8%

Rankings are calculated among ZIP Codes in New Hampshire with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 03038

Rent

Rent-wise, this area comes 3rd out of 8 ZIP Codes in New Hampshire. At the state level, values extend from $1,436 in ZIP 03103 up to $1,626 in ZIP 03102.

Household income

Looking at income levels, ZIP Code 03038 holds the 2nd out of 8 ZIP Codes. In New Hampshire as a whole, the range goes from $73,540 in ZIP 03103 up to $110,490 in ZIP 03079.

Poverty rate

Regarding poverty rate, ZIP Code 03038 ranks 1st out of 8 ZIP Codes. Statewide, values range from 4.1% in ZIP 03038 up to 13.8% in ZIP 03103.

 

💰 Rent in ZIP Code 03038 (with Utilities)

Estimated Monthly Rent: $1,547 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 03038

Annual Household Income: $108,322

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 03038

Estimated Rate: 4.1%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 03038

In ZIP Code 03038, households that rent: 3,991 (30.3%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 3,991 30.3%
Owner-Occupied 9,164 69.7%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 03038

In ZIP Code 03038, cost-burdened renters (households spending over 30% of income on housing): 1,884 (47.2%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 1,884 47.2%
Other renter households 2,107 52.8%
Total renter households 3,991 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 03038

Less than High School: 5,825 people (23.5%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,104 people (28.7%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,689 people (10.9%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 9,127 people (36.9%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 24,745

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.