Merrimac, MA 01860 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Merrimac, MA—01860

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$642,000

3.5% YoY Growth

Household Income

$116,000

39.5% YoY Growth

Days on Market

56.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$2,800

3.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$2,800

5.3% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Merrimac, MA

As of Dec '25, the median home price in Merrimac, MA is $642,000, with a year-over-year change of 3.5%. This indicates that home prices in Merrimac, MA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$642,000	3.5%
Single Family	$680,000	3.2%
Condos	$488,000	2.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

11.4%

2 Bedrooms

64.2%

3 Bedrooms

20.4%

4 Bedrooms

4.0%

Property Listings — Merrimac, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Merrimac, MA is 25. This is a decrease of -61.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$597,000	-10.0%
Listing Count	6	56.0%
Listings as % of Homes	0.3%	56.0%
Days on Market	36	-56.0%

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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%

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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%

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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%

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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

Merrimac, MA—01860

Key Metrics at a Glance

Home Price Trends — Merrimac, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Merrimac, MA

% of Rental Stock

Property Listings — Merrimac, MA

Demographics — Merrimac, MA

Race and Ethnicity

Mortgage and Risk — Merrimac, MA

Mortgages

Rentals and Section 8 — Merrimac, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Merrimac, MA

Home Price to Income Ratio

Merrimac, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Newton, NH

Haverhill, MA

West Newbury, MA

Amesbury, MA

East Kingston, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.7
Median Home Price	$642,000
Median Household Income	$116,000

Merrimac, MA—01860

Key Metrics at a Glance

Home Price Trends — Merrimac, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Merrimac, MA

% of Rental Stock

Property Listings — Merrimac, MA

Demographics — Merrimac, MA

Race and Ethnicity

Mortgage and Risk — Merrimac, MA

Mortgages

Rentals and Section 8 — Merrimac, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Merrimac, MA

Home Price to Income Ratio

Merrimac, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Newton, NH

Haverhill, MA

West Newbury, MA

Amesbury, MA

East Kingston, NH

Frequently Asked Questions

What is the average home price in Merrimac, MA 01860?

How have home prices in Merrimac, MA 01860 changed over the past year?

What is the home price projection for Merrimac, MA 01860?

What are the demographics of Merrimac, MA 01860?

How long does it take homes to sell in Merrimac, MA 01860?

What is the average rent price in Merrimac, MA 01860?