Merrimack appreciation rates and housing market information

Merrimack housing market information

With 25,119 people, 8,959 houses or apartments, and a median cost of homes of $282,559, Merrimack real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Merrimack, accounting for 71.40% of the town's housing units. Other types of housing that are prevalent in Merrimack include row houses and other attached homes (14.02%), large apartment complexes or high rise apartments (9.13%), duplexes, homes converted to apartments, or other small apartment buildings (3.13%), and a few mobile homes or trailers (2.32%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Merrimack. Owner-occupied housing accounts for 85.40% of Merrimack's homes, and 66.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Merrimack built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Merrimack built from 1940-1969 (18.35%). A lesser amount of the housing stock also hails from 1995 and later (8.86%), and some were built from 1939 and earlier (8.86%).

Merrimack home appreciation rates

Appreciation rates for homes in Merrimack have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.56%, which ranks in the top 40% nationwide. This equates to an annual average Merrimack house appreciation rate of 8.35%.

Over the last year, Merrimack appreciation rates have trailed the rest of the nation. In the last twelve months, Merrimack's appreciation rate has been -6.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Merrimack were at -0.76%, which equates to an annual appreciation rate of -3.04%.

Notably, Merrimack's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Hampshire, our data show that Merrimack's latest annual appreciation rate is higher than 24% of the other cities and towns in New Hampshire.