Merrimack, NH—03054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merrimack, NH
As of Oct '25, the median home price in Merrimack, NH is $517,000, with a year-over-year change of 2.7%. This indicates that home prices in Merrimack, NH are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | 2.7% |
| Single Family | $562,000 | 3.1% |
| Condos | $361,000 | -0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $244,000 | 4.7% |
2 Bed | $377,000 | 3.9% |
3 Bed | $535,000 | 3.1% |
4 Bed | $672,000 | 2.9% |
| 5 Bed | $708,000 | 2.6% |
% of Housing Stock
Rental Trends — Merrimack, NH
As of July '25, Rentcast reports the average rent in Merrimack, NH is $2,440, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Merrimack, NH is studios: $1,940, 1-bedrooms: $1,550, 2-bedrooms: $2,630, 3-bedrooms: $2,970, 4-bedrooms: $3,500. The most common rental property sizes in Merrimack, NH are 2-bedroom and 1-bedroom, accounting for 57.1% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $2,440 |
| Studio Rent | $1,980 | $1,940 |
| 1 Bed Rent | $1,250 | $1,550 |
| 2 Bed Rent | $2,500 | $2,630 |
| 3 Bed Rent | $3,200 | $2,970 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Merrimack, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Merrimack, NH is 17. This is a increase of 60.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $528,000 | 6.0% |
Listing Count | 58 | 137.0% |
| Listings as % of Homes | 0.2% | 137.0% |
Days on Market | 17 | 60.0% |
Demographics — Merrimack, NH
As of the latest ACS Survey released in 2023, Merrimack, NH has a population of 27,600, which has increased by 6.9% over the past 5 years. Merrimack, NH is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 6.9% |
% Under 18 | 22.5% | 5.6% |
% Seniors | 16.8% | 22.6% |
% WFH | 18.3% | 123.2% |
% w/ College Degree | 49.2% | 6.7% |
As of the latest ACS Survey released in 2023, Merrimack, NH is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Merrimack, NH is hispanic, making up 5.2% of the population. Foreign-born residents account for 7.0% of the population in Merrimack, NH, and this percentage has increased by 29.6% 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 | 85.7% | -6.3% |
% Black | 1.0% | 0.0% |
% Hispanic | 5.2% | 126.1% |
% Asian | 4.5% | 45.2% |
% Foreign Born | 7.0% | 29.6% |
Mortgage and Risk — Merrimack, NH
According to HUD data as of 2023, there were 631 mortgage originations in Merrimack, NH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Merrimack, NH. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 631 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Merrimack, NH
As of 2024, the percent of homes in Merrimack, NH under the Section 8 program is 10.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Merrimack, NH, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 109 |
Total Units Section 8 | 109 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 96.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,250 | $1,850 |
| 2 Bedroom | -$70 | $2,500 | $2,430 |
| 3 Bedroom | $30 | $3,200 | $3,230 |
| 4 Bedroom | -$70 | $3,500 | $3,430 |
Affordability — Merrimack, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $517,000 |
| Median Household Income | $129,000 |