Merrimack, NH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Merrimack, NH Housing Market Trends

With a population of 26,490, 9,993 total housing units (homes and apartments), and a median house value of $395,308, 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 68.51% of the town's housing units. Other types of housing that are prevalent in Merrimack include row houses and other attached homes ( 12.91%), large apartment complexes or high rise apartments ( 11.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.22%).

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 86.39% of Merrimack's homes, and 64.05% 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 ( 19.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.33%). There's also some housing in Merrimack built before 1939 ( 3.53%).

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 60.05%, which ranks in the top 30% nationwide. This equates to an annual average Merrimack house appreciation rate of 4.82%.

Appreciation rates are so strong in Merrimack that despite a nationwide downturn in the housing market, Merrimack real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Merrimack appreciation rates continue to be some of the highest in America, at 12.43%, which is higher than appreciation rates in 86.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Merrimack. Merrimack appreciation rates in the latest quarter were at 3.45%, which equates to an annual appreciation rate of 14.51%.

Relative to New Hampshire, our data show that Merrimack's latest annual appreciation rate is lower than 50% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$395,308

Merrimack, NH HOME PRICES

> $1,307,000
1.1%
1.1%
$980,001 - $1,307,000
0.1%
0.1%
$653,001 - $980,000
2.7%
2.7%
$523,001 - $653,000
10.3%
10.3%
$392,001 - $523,000
27.9%
27.9%
$262,001 - $392,000
34.7%
34.7%
$131,001 - $262,000
18.8%
18.8%
$65,001 - $131,000
2.5%
2.5%
$0 - $65,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NH

Value Relative To Nation

Number Of Homes And Apartments:
9,993

Merrimack Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
99.46% 3.26%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,039 / per month

Homeownership Rate

Owners
86.4%
86.4%
Renters
13.6%
13.6%
Vacant
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.3%
11.3%
1970 - 1999
65.8%
65.8%
1940 - 1969
19.3%
19.3%
1939 or Older
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.5%
68.5%
Townhomes
12.9%
12.9%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
11.0%
11.0%
Mobile Homes
3.3%
3.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
5.3%
5.3%
2 Bedrooms
28.4%
28.4%
3 Bedrooms
40.9%
40.9%
4 Bedrooms
23.1%
23.1%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES