Merrimack County, New Hampshire Housing Market
In Merrimack County, New Hampshire, the median home value is $367,600, with a median monthly rent of $1,360. This places Merrimack County at #368 nationally out of 3134 counties by median home value, and #5 within New Hampshire.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,359
- Establishments: 4,582
- BLS QCEW, 2025
Housing Supply
- Single-family: 248
- Multi-family: 38
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 69,150 (avg $100,049)
- Outflow: 65,656 (avg $99,869)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Merrimack County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 03235 | 357.5 | +9.02% | 2025 |
| 2 | 03255 | 333.2 | +15.75% | 2025 |
| 3 | 03261 | 337.8 | +0.99% | 2025 |
| 4 | 03258 | 293.1 | +5.98% | 2025 |
| 5 | 03046 | 299.4 | +2.27% | 2025 |
| 6 | 03229 | 291.6 | +7.26% | 2025 |
| 7 | 03278 | 278.5 | +3.89% | 2025 |
| 8 | 03263 | 324.2 | +8.70% | 2025 |
| 9 | 03303 | 324.5 | +4.36% | 2025 |
| 10 | 03301 | 333.1 | +4.92% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Merrimack County Compares
| Metric | Merrimack County | New Hampshire Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $367,600 | $349,500 | $227,706 |
| Median Gross Rent | $1,360 | $1,318 | $968 |
| Owner Occupancy Rate | 73.5% | 74.3% | 73.3% |
| Price/Rent Ratio | 22.5 | 22.0 | 18.7 |
Market Analysis
The median home value in Merrimack County is 5.2% above the New Hampshire state average and 61.4% above the U.S. national average. The median rent of $1,360/month is 3.2% above the state average.
With a price-to-rent ratio of 22.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Merrimack County has an owner-occupancy rate of 73.5%, compared to 74.3% in New Hampshire and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wasco County | Oregon | $367,400 | $1,008 |
| Pend Oreille County | Washington | $367,900 | $855 |
| Latah County | Idaho | $368,600 | $929 |
| Shasta County | California | $366,400 | $1,317 |
| Bonneville County | Idaho | $368,800 | $1,133 |
Other Counties in New Hampshire
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Strafford County | $362,800 | $1,488 | 67.1% |
| Belknap County | $374,900 | $1,167 | 80.1% |
| Carroll County | $388,900 | $1,195 | 83.4% |
| Grafton County | $344,500 | $1,301 | 71.3% |
| Hillsborough County | $421,100 | $1,623 | 67.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).