Merrimack, NH Real Estate Market
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 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (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 28,589, 10,234 total housing units (homes and apartments), and a median house value of $594,653, Merrimack house prices are not only among the most expensive in New Hampshire, Merrimack real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Merrimack, accounting for 67.70% of the town's housing units. Other types of housing that are prevalent in Merrimack include row houses and other attached homes ( 15.26%), large apartment complexes or high rise apartments ( 12.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.61%).
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 88.42% of Merrimack's homes, and 62.69% 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 ( 16.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.09%). There's also some housing in Merrimack built before 1939 ( 3.05%).
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 104.32%, which ranks in the top 30% nationwide. This equates to an annual average Merrimack house appreciation rate of 7.41%.
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 5.28%, 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 4.33%, which equates to an annual appreciation rate of 18.47%.
Importantly, NeighborhoodScout’s exclusive research found that Merrimack's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
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.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Merrimack differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Merrimack - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Merrimack real estate investment or home purchase decisions.
Median Home Value
$594,653
Very High
for New hampshire
Very High
for nation
Number of Homes And Apartments:
10,234
NH
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$2,927 / per month