Merrimack, NH 03054 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Merrimack, NH—03054

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$514,000

2.9% YoY Growth

Household Income

$129,000

25.1% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

4.1%

Median Rent

$2,480

9.0% YoY Growth

1-Bed Rent

$1,250

18.4% YoY Growth

2-Bed Rent

$2,500

2.3% YoY Growth

3-Bed Rent

$3,200

15.9% YoY Growth

Home Price Trends — Merrimack, NH

As of Dec '25, the median home price in Merrimack, NH is $514,000, with a year-over-year change of 2.9%. This indicates that home prices in Merrimack, NH are increasing. According to Zillow, the 1-year price projection is 4.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$514,000	2.9%
Single Family	$558,000	3.3%
Condos	$359,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.9%

1 Bedroom

24.2%

2 Bedrooms

57.1%

3 Bedrooms

11.0%

4 Bedrooms

1.2%

5+ Bedrooms

0.5%

Property Listings — Merrimack, NH

As of Dec '25, Realtor.com reports that the median days on market for a home in Merrimack, NH is 25. This is a increase of 15.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$445,000	-5.0%
Listing Count	43	63.0%
Listings as % of Homes	0.2%	63.0%
Days on Market	35	-6.0%

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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%

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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%

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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%

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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

Merrimack, NH—03054

Key Metrics at a Glance

Home Price Trends — Merrimack, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Merrimack, NH

% of Rental Stock

Property Listings — Merrimack, NH

Demographics — Merrimack, NH

Race and Ethnicity

Mortgage and Risk — Merrimack, NH

Mortgages

Rentals and Section 8 — Merrimack, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Merrimack, NH

Home Price to Income Ratio

Merrimack, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Litchfield, NH

Nashua, NH

Bedford, NH

Nashua, NH

Amherst, NH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$514,000
Median Household Income	$129,000

Merrimack, NH—03054

Key Metrics at a Glance

Home Price Trends — Merrimack, NH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Merrimack, NH

% of Rental Stock

Property Listings — Merrimack, NH

Demographics — Merrimack, NH

Race and Ethnicity

Mortgage and Risk — Merrimack, NH

Mortgages

Rentals and Section 8 — Merrimack, NH

Section 8 Market Size

Section 8 Opportunity

Affordability — Merrimack, NH

Home Price to Income Ratio

Merrimack, NH — ZIP Code Boundary Map

Nearby ZIP Codes

Litchfield, NH

Nashua, NH

Bedford, NH

Nashua, NH

Amherst, NH

Frequently Asked Questions

What is the average home price in Merrimack, NH 03054?

How have home prices in Merrimack, NH 03054 changed over the past year?

What is the home price projection for Merrimack, NH 03054?

What are the demographics of Merrimack, NH 03054?

How long does it take homes to sell in Merrimack, NH 03054?

What is the average rent price in Merrimack, NH 03054?