Merrimac, MA—01860
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merrimac, MA
As of Oct '25, the median home price in Merrimac, MA is $650,000, with a year-over-year change of 3.6%. This indicates that home prices in Merrimac, MA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $650,000 | 3.7% |
| Single Family | $688,000 | 3.3% |
| Condos | $496,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $505,000 | 2.6% |
3 Bed | $648,000 | 3.3% |
4 Bed | $835,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Merrimac, MA
As of July '25, Rentcast reports the average rent in Merrimac, MA is $2,850, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Merrimac, MA is 2-bedrooms: $2,850. The most common rental property sizes in Merrimac, MA are 2-bedroom and 3-bedroom, accounting for 64.2% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,800 | $2,850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Merrimac, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Merrimac, MA is 17. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 60.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $634,000 | -19.0% |
Listing Count | 10 | -16.0% |
| Listings as % of Homes | 0.3% | -16.0% |
Days on Market | 17 | -20.0% |
Demographics — Merrimac, MA
As of the latest ACS Survey released in 2023, Merrimac, MA has a population of 6,710, which has decreased by -1.9% over the past 5 years. Merrimac, MA is a moderately popular place for families, as children make up 17.4% of the population. The area has a moderately educated workforce, with 36.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,710 | -1.9% |
% Under 18 | 17.4% | -17.1% |
% Seniors | 23.7% | 21.5% |
% WFH | 9.8% | 2.1% |
% w/ College Degree | 36.8% | -21.7% |
As of the latest ACS Survey released in 2023, Merrimac, MA is a predominantly white area, with 94.6% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Merrimac, MA is hispanic, making up 0.6% of the population. Foreign-born residents account for 4.1% of the population in Merrimac, MA, and this percentage has increased by 41.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | 0.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.6% | -84.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 4.1% | 41.4% |
Mortgage and Risk — Merrimac, MA
According to HUD data as of 2023, there were 117 mortgage originations in Merrimac, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Merrimac, MA. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 117 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Merrimac, MA
Merrimac, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,140 |
| 2 Bedroom | -$250 | $2,800 | $2,550 |
| 3 Bedroom | N/A | N/A | $3,080 |
| 4 Bedroom | N/A | N/A | $3,390 |
Affordability — Merrimac, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $650,000 |
| Median Household Income | $116,000 |