Merrimack County, New Hampshire Housing Market Prices
Merrimack County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the New Hampshire median Among the 3 most expensive counties in New Hampshire$319,378
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Median rent 9% below the New Hampshire median Among the 5 most expensive counties in New Hampshire$1,359
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Merrimack County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,378 | $300,691 | $248,835 |
| Price Trend (Annual %) | 6.7% | 5.7% | 7.5% |
| Median Gross Rent | $1,359 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Merrimack County is about 6% higher than in New Hampshire. Rent is about 9% lower than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Merrimack County, up about 6.7% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Merrimack County rose about 44.7% between 2015 and 2024, from $939 to $1,359. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Merrimack County.
Buying the median-priced home in Merrimack County costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Merrimack County. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Merrimack County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $319,378 | $300,691 | $248,835 |
| Median Household Income | $97,117 | $99,079 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Merrimack County rose about 41.6%, while median household income rose about 46.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Merrimack County | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 62.4% | 58.5% |
| Rental Rate | 24.3% | 23.3% | 31.2% |
| Vacancy Rate | 8.4% | 14.3% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Merrimack County has a homeownership rate of 67.3%, higher than the New Hampshire average of 62.4%. Its housing vacancy rate is 8.4%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Merrimack County | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Merrimack County was built around 1974. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Merrimack County, NH Housing Compared With Nearby Counties
Merrimack County, NH is the 2nd largest of the 5 counties compared here, 155,964 residents against a local median of 78,379. Merrimack County, NH sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 14% above the local median at $319,378 against $279,396. Merrimack County, NH has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Merrimack County, NH | 155,964 | $319,378 #2/5 | $1,359 #2/5 | 73.5% #3/5 |
| Belknap County, NH | 64,647 | $233,409 | $1,166 | 80.1% |
| Hillsborough County, NH | 426,152 | $286,603 | $1,623 | 67.4% |
| Sullivan County, NH | 43,677 | $343,386 | $1,210 | 75.4% |
| Grafton County, NH | 92,112 | $272,189 | $1,301 | 71.3% |
Frequently Asked Questions
Common questions about the housing market in Merrimack County, New Hampshire.
What is the median home price in Merrimack County, New Hampshire?
The median home price in Merrimack County, New Hampshire is $319,378, higher than the New Hampshire average of $300,691.
What is the average home price in Merrimack County, New Hampshire?
The typical home price in Merrimack County, New Hampshire, reported as the median sale price, is $319,378. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Merrimack County, New Hampshire?
The median gross rent in Merrimack County, New Hampshire is $1,359 per month, lower than the New Hampshire average of $1,490.
What was the median gross rent in Merrimack County in 2020?
In 2020, the median gross rent in Merrimack County, New Hampshire was $1,066 per month.
What is the price-to-rent ratio in Merrimack County, New Hampshire?
The price-to-rent ratio in Merrimack County, New Hampshire is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Merrimack County.
Are home prices or rent rising faster in Merrimack County, New Hampshire?
Both home prices and rent are rising in Merrimack County, up about 6.7% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Merrimack County, New Hampshire?
67.3% of households in Merrimack County, New Hampshire own their home, higher than the New Hampshire average of 62.4%.
What is the vacancy rate in Merrimack County, New Hampshire?
The housing vacancy rate in Merrimack County, New Hampshire is 8.4%, lower than the New Hampshire average of 14.3%.
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