Merrimack, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Merrimack Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Merrimack Housing Market Information

With 25,648 people, 9,576 houses or apartments, and a median cost of homes of $316,751, real estate costs in Merrimack are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Hampshire communities.

Single-family detached homes are the single most common housing type in Merrimack, accounting for 71.47% of the town's housing units. Other types of housing that are prevalent in Merrimack include row houses and other attached homes ( 15.49%), large apartment complexes or high rise apartments ( 7.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.83%).

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 84.97% of Merrimack's homes, and 64.79% 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 ( 16.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.33%). There's also some housing in Merrimack built before 1939 ( 2.72%).

Merrimack Home Appreciation Rates

Real estate appreciation rates in Merrimack's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.77% during the period.

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 2.94%, 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 0.21%, which equates to an annual appreciation rate of 0.86%.

Relative to New Hampshire, our data show that Merrimack's latest annual appreciation rate is lower than 70% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$316,751

Merrimack, NH HOME PRICES

Value Range
> $1,136,000 0.1
$852,001 - $1,136,000 1.0
$568,001 - $852,000 1.3
$454,001 - $568,000 5.8
$340,001 - $454,000 22.3
$227,001 - $340,000 41.3
$113,001 - $227,000 24.7
$57,001 - $113,000 1.2
$0 - $57,000 2.3

High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
14.8775342786828 22.2929936305733

Number Of Homes And Apartments:
9,576

Merrimack Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
44.65% 2.16% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,765 / per month

Homeownership Rate

Homeownership
Owners 84.97
Renters 15.03
Vacant 3.62

Housing Market Details

 

Age of Homes

AGE OF Merrimack HOMES
2000 or Newer 9.3
1970 - 1999 71.6
1940 - 1969 16.3
1939 or Older 2.7

Types of Homes

TYPE OF Merrimack HOMES
Single-Family 71.5
Townhomes 15.5
Small Apt. Buildings 4.8
Apt. Complexes 7.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Merrimack HOMES
No Bedroom 0.00
1 Bedroom 2.71
2 Bedrooms 29.39
3 Bedrooms 43.40
4 Bedrooms 21.40
5 or more bedrooms 3.11