Merrimack NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Merrimack, NH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Merrimack Housing Market Information

With 25,969 people, 10,034 houses or apartments, and a median cost of homes of $341,589, 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 69.42% of the town's housing units. Other types of housing that are prevalent in Merrimack include row houses and other attached homes ( 14.46%), large apartment complexes or high rise apartments ( 9.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Merrimack. Owner-occupied housing accounts for 87.02% of Merrimack's homes, and 64.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Merrimack built from 1970 to 1999 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 between 1940-1969 ( 18.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.30%). There's also some housing in Merrimack built before 1939 ( 4.01%).

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 26.90%, which ranks in the top 50% nationwide. This equates to an annual average Merrimack house appreciation rate of 2.41%.

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 3.18%, 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 3.06%.

Relative to New Hampshire, our data show that Merrimack's latest annual appreciation rate is lower than 80% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$341,589

Merrimack, NH HOME PRICES

Value Range
> $1,163,000 1.0
$873,001 - $1,163,000 0.3
$582,001 - $873,000 1.8
$465,001 - $582,000 9.7
$349,001 - $465,000 24.9
$233,001 - $349,000 37.2
$116,001 - $233,000 21.4
$58,001 - $116,000 1.6
$0 - $58,000 1.9

High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
16.1343065693431 26.1146496815287

Number Of Homes And Apartments:
10,034

Merrimack Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
68.83% 2.65%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,784 / per month

Homeownership Rate

Homeownership
Owners 87.02
Renters 12.98
Vacant 2.24

Housing Market Details

 

Age of Homes

AGE OF Merrimack HOMES
2000 or Newer 10.3
1970 - 1999 67.3
1940 - 1969 18.4
1939 or Older 4.0

Types of Homes

TYPE OF Merrimack HOMES
Single-Family 69.4
Townhomes 14.5
Small Apt. Buildings 4.2
Apt. Complexes 9.3
Mobile Homes 2.5
Other 0.1

Home Size

SIZE OF Merrimack HOMES
No Bedroom 0.23
1 Bedroom 3.65
2 Bedrooms 28.56
3 Bedrooms 41.44
4 Bedrooms 22.78
5 or more bedrooms 3.34