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Merrimack County, NH

Concord

RANK #633 / 996 NAT  ·  POP 153,918

1YR FORECAST: +0.8%

5YR OUTLOOK: +20%

Merrimack County's housing market is projected to grow +0.8% over the next year, below the national average.

[01] Why Merrimack County?

Merrimack County, New Hampshire, is defined by the Merrimack River, which bisects its hilly terrain, and its status as home to Concord, the state capital and largest city. Located in central New Hampshire, the county is about an hour's drive from Boston. Commuters utilize various options, including carpooling and a regional bus service for seniors and individuals with disabilities. The community offers a blend of suburban and rural environments, with towns like Hopkinton providing a rural feel despite being close to the capital. Outdoor recreation is prominent, with numerous state parks like Bear Brook State Park offering extensive trails for hiking, biking, and water activities on lakes and ponds.

Life in Merrimack County offers a suburban feel with access to outdoor activities. The public schools in Merrimack County are generally above average. The economy is driven by state government activities in Concord, alongside manufacturing of electronic components and aircraft parts. Recent economic developments include ongoing investments in high-speed internet infrastructure by companies like Comcast, expanding multi-gigabit internet access to more homes and businesses. Additionally, local institutions like Merrimack County Savings Bank contribute to affordable housing initiatives, supporting low- and moderate-income families.

[02] Market Snapshot

Housing Ratio
4.3x

Below national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
+3.4%

Outpacing national median

Climate & Terrain
0.0

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 4.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Fidelity Investments Finance
    5,000+
  2. 2
    Connection, Inc. (formerly PC Connection) Technology
    2,500+
  3. 3
    Merrimack Premium Outlets Retail
    500+
  4. 4
    BAE Systems Manufacturing
  5. 5
    Merrimack School District Education
  6. 6
    Atrium Maquet Getinge Group (Atrium Medical Corporation) Manufacturing
  7. 7
    Anheuser-Busch Manufacturing
  8. 8
    Kollsman Inc. (Elbit Systems of America) Manufacturing
    250+
  9. 9
    Merrimack YMCA Other
  10. 10
    Home Health & Hospice Care Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Merrimack County U.S. National

The Numbers

DEMOGRAPHICS
Population
153,918
+0.61% YoY
Median Household Income
$88,806
Median Home Value
$297,600
+3.41% 12mo
Median Rent
$1,199
Average Annual Pay
$68,857
+4.5% YoY
Employment
77,147
+0.5% YoY
Income-to-Home-Value
0.2984
More affordable than average
Migration Inflow
3.81%
of pop. from another state
Bachelor's Degree+
36.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$472,500
Days on Market
51
Moderate pace
Months of Supply
2.5
Seller's market
Sale-to-List Ratio
99.6%
Near asking price
Sold Above List
39.4%
Listings w/ Price Drops
10.2%
Building Permits (2024)
355
Single-Family Permits
288

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.3
per 100K · nat avg 6.3
Firearm Fatalities
12.4
per 100K · nat avg 14.8
Injury Deaths
93.8
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
37.0
Good
Good Air Days
94%
602 of 639 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
36
2022
36
2023
39
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Score Breakdown

GDP Growth +3.1% 59 percentile
Population Growth +0.6% 58 percentile
Income Growth +7.7% 30 percentile
Vacancy Rate 0.6% 89 percentile
Home Price Change +3.4% 76 percentile
Rent Growth +1.7% 29 percentile
Price/Rent 12x 62 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Merrimack County, NH a good place to move to?

At 36/100, Merrimack County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $88,806 combined with job growth of +0.5% suggests the local economy is struggling to keep pace with national trends.

Is Merrimack County affordable?

Housing in Merrimack County is roughly in line with national affordability norms. The median home costs $297,600 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,199/month. Not a bargain, but not a stretch for most local earners either.

Is Merrimack County growing or shrinking?

Merrimack County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.5%). Home values shifted +3.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Merrimack County?

There's a moderate stream of newcomers. About 3.81% of residents moved from another state, which is above average and suggests Merrimack County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Grafton County, NH 36 Hillsborough County, NH 42 Cheshire County, NH 53 Strafford County, NH 19 Carroll County, NH 56 Rockingham County, NH 15 Yellowstone County, MT 36 Santa Rosa County, FL 36