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City · 5,081 residents · Hillsborough County, New Hampshire

East Merrimack , New Hampshire

In East Merrimack, a typical home is worth $291,500 and typical rent is $1,952 a month. Compared with all of Hillsborough County, the typical home value is 31% lower and typical rent is 20% higher.

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  • Typical home value

    $291,500

    31% below the county

    28% below New Hampshire

    • East Merrimack
    • Hillsborough
    • New Hampshire

  • Typical rent

    $1,952a month

    20% above the county

    31% above New Hampshire

    • East Merrimack
    • Hillsborough
    • New Hampshire

  • Typical household income

    $87,311a year

    16% below the county

    12% below New Hampshire

    • East Merrimack
    • Hillsborough
    • New Hampshire

  • Households that own their home

    70%

    3 points above the county

    3 points below New Hampshire

    • East Merrimack
    • Hillsborough
    • New Hampshire

Source: U.S. Census Bureau, Average 2020–2024

East Merrimack is in Hillsborough County. The FHA loan limit ($589,950 for a one-unit home), the fair market rents and the help on this page are those of all of Hillsborough County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets East Merrimack apart

What this place has that others do not, from public data, most unusual first.

  1. East Merrimack has the smallest share of rent-burdened renters of the 25 cities in New Hampshire with more than 5,000 people: 33%.

  2. East Merrimack has the 2nd highest typical rent of the 26 cities in New Hampshire with more than 5,000 people ($1,952).

  3. The typical home in East Merrimack is worth $291,500, 31% less than in Hillsborough County as a whole ($421,100).

  4. Nearby, in Derry, the typical rent is $1,549: 21% less than in East Merrimack ($1,952).

  5. The typical household income in East Merrimack is $87,311, 16% less than in Hillsborough County as a whole ($103,545).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in East Merrimack

What homes there are in East Merrimack, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In East Merrimack there is a bit of everything: no kind of home reaches half. The most common are attached houses (townhouses) (35%), more than in Hillsborough County (6%).

Year built

Here half of the homes date from 1985 or later; in Hillsborough County, from 1978 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,855 a month

Hillsborough County: $2,452 a month

Without a mortgage

$1,125 a month

Hillsborough County: $1,066 a month

Owners with a mortgage

71%

Hillsborough County: 67%

In East Merrimack, 71% of owners have a mortgage, and their typical cost is $1,855 a month, against $2,452 in Hillsborough County. Without one it drops to $1,125.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

East Merrimack does not have the same boundaries as in 2015–2019: that is why there is no change to compare. For reference, in Hillsborough County the typical home value rose 53%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureEast MerrimackHillsborough CountyNew HampshireUnited States
Rental vacancy Unreliable estimate3.5%4.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.4%0.9%
More than one person per room Unreliable estimate1.6%1.4%3.4%
People per household 1.902.482.442.53
Drive alone 68%71%72%69%
Carpool Unreliable estimate7%7%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 21%18%17%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 1.90 on average, against 2.48 in Hillsborough County.

In East Merrimack, 21% of workers work from home, more than in Hillsborough County (18%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in East Merrimack?

A typical home is tight for the typical income

We start with a typical home in East Merrimack, worth $291,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in East Merrimack, which is $87,311 a year. For that payment to be 28% of income, a household would need to earn about $110,486 a year.

The calculator's FHA and conventional loan limits are those of all of Hillsborough County.

Your numbers

Local data
$

Starts at the typical home value in East Merrimack. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,203 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,578

at 7.18% · 30 years

Loan amount
$286,220
Total interest
$411,803
Paid off in
November 2056

Includes $4,923 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,037 a month

  • Tight

    $2,037 to $2,619 a month

    Your payment · 35%

  • Hard

    more than $2,619 a month

Compared with the typical household income in East Merrimack ($87,311 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,578
Principal & interest$1,939
Property tax$389
Home insurance$122
FHA mortgage insurance (MIP)$129

You need at least $10,203 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

East Merrimack and Hillsborough County

East Merrimack is in Hillsborough County, New Hampshire. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

East Merrimack's own numbers

Typical home value
$291,500
Typical monthly rent
$1,952
Typical yearly household income
$87,311
Households that own their home
70%
Effective property tax rate
1.6%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Hillsborough County

FHA limit, one-unit home
$589,950
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,834–$2,239
Price change over 5 years (FHFA)
+63%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hillsborough County.

Everything about Hillsborough County

Buying

Buying a home in East Merrimack

A typical home in East Merrimack is worth $291,500: 31% below the county and 28% below New Hampshire. With the typical household income in East Merrimack ($87,311 a year), a typical home costs 3.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • East Merrimack 3.3 years
  • Hillsborough 4.1 years
  • New Hampshire 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Hillsborough County

According to FHFA’s house price index, home prices in Hillsborough County rose 110% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Hillsborough County.

Period County New Hampshire U.S.
Last year (2025) +4.8% +4.7% +2.9%
5 years (2020–2025) +63% +66% +47%
10 years (2015–2025) +110% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

East Merrimack next to Hillsborough County, New Hampshire and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • East Merrimack $291,500
  • Hillsborough $421,100
  • New Hampshire $402,500
  • United States $332,700
Typical monthly rent
  • East Merrimack $1,952
  • Hillsborough $1,623
  • New Hampshire $1,491
  • United States $1,413
Typical yearly household income
  • East Merrimack $87,311
  • Hillsborough $103,545
  • New Hampshire $99,031
  • United States $80,734
See the full table
East Merrimack next to Hillsborough County and New Hampshire
Measure East Merrimack Hillsborough County New Hampshire U.S.
Typical home value $291,500 $421,100 $402,500 $332,700
Typical monthly rent $1,952 $1,623 $1,491 $1,413
Typical yearly household income $87,311 $103,545 $99,031 $80,734
Households that own their home 70% 67% 73% 65%
Typical yearly property tax $4,652 $6,999 $6,667 $3,119
Effective property tax rate 1.6% 1.66% 1.66% 0.94%
Renters with high rent for their income 33% 48% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hillsborough County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in East Merrimack

For a typical $291,500 home in East Merrimack, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, East Merrimack's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,578a month

    Least cash to close
    Down payment
    $10,203
    Cash to close
    $18,948
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $129

  • Conventional, 5% down $2,525a month

    Down payment
    $14,575
    Cash to close
    $23,320
    Rate
    7.18%
    Mortgage insurance
    PMI · $138

  • Conventional, 20% down, no PMI $2,090a month

    Down payment
    $58,300
    Cash to close
    $67,045
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,359a month

    Down payment
    $43,725
    Cash to close
    $52,470
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for East Merrimack and for Hillsborough County.

Property tax

Effective rate in East Merrimack

1.6%of the home’s value each year

$4,652 a year for the typical owner in East Merrimack.

  • East Merrimack 1.6%
  • Hillsborough 1.66%
  • New Hampshire 1.66%

What New Hampshire publishes Deadline to apply for exemptions and credits: April 15 (New Hampshire General Court (Revised Statutes Annotated))

Exemptions and deadlines in New Hampshire

Flood risk in Hillsborough County

FEMA does not publish these numbers by city: they are for all of Hillsborough County.

Homes in the high-risk zone
1.2%
1,273
Of those, with NFIP insurance
34%
County New Hampshire U.S.
Homes in the high-risk zone 1.2% 2.8% 3.5%
Of those, with NFIP insurance 34% 26% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in East Merrimack

Typical rent in East Merrimack is $1,952 a month: 20% above the county. In East Merrimack, 33% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for each area of Hillsborough County. In Nashua, NH HUD Metro FMR Area, the area where most people live, to pay the 2-bedroom one ($2,239 a month) without spending more than 30% of your income, you would need to earn $43.06 an hour working full time.

Fair market rent by size in Nashua, NH HUD Metro FMR Area

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,559 $29.98 $62,360
1 bedroom $1,804 $34.69 $72,160
2 bedrooms $2,239 $43.06 $89,560
3 bedrooms $2,899 $55.75 $115,960
4 bedrooms $3,170 $60.96 $126,800

HUD splits this county into 3 areas with different fair market rents: for 2 bedrooms they run from $1,834 to $2,239. The table by area, below, shows which one each town is in.

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Fair market rent by HUD area in Hillsborough County

HUD splits this county into 3 areas, each with its own fair market rent. Find your town in its area's list; the housing agency tells you which one it uses for your voucher.

HUD area Studio1 bd2 bd3 bd4 bdHourly wage, 2 bd
Nashua, NH HUD Metro FMR Area The area where most people live
14 towns in this area

Amherst town, Brookline town, Greenville town, Hollis town, Hudson town, Litchfield town, Mason town, Merrimack town, Milford town, Mont Vernon town, Nashua city, New Ipswich town, Pelham town, Wilton town

 $1,559$1,804$2,239$2,899$3,170$43.06
Manchester, NH HUD Metro FMR Area
4 towns in this area

Bedford town, Goffstown town, Manchester city, Weare town

 $1,510$1,657$2,168$2,583$2,849$41.69
Hillsborough County, NH (part) HUD Metro FMR Area
13 towns in this area

Antrim town, Bennington town, Deering town, Francestown town, Greenfield town, Hancock town, Hillsborough town, Lyndeborough town, New Boston town, Peterborough town, Sharon town, Temple town, Windsor town

 $1,277$1,402$1,834$2,185$3,065$35.27

HUD fair market rent by area and size, per month, Fiscal year 2027. The wage is what full-time work must pay to rent 2 bedrooms without spending more than 30% of income. Source: HUD, Fiscal year 2027 Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD)

By ZIP code

Fair market rent by ZIP code in East Merrimack

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). East Merrimack is in ZIP code 03054.

For 2 bedrooms it is $2,460 in all of them.

  • 03054 $2,460$3,180
  • 03054 $2,460$3,180

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for East Merrimack when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in East Merrimack

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Hillsborough County; 1 says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in East Merrimack

No down payment, repair or rent-help program on our list is for East Merrimack or Hillsborough County. The ones below are statewide in New Hampshire: they work in East Merrimack the same as in the rest of the state.

Which programs do I qualify for? All programs in New Hampshire

  • New Hampshire Housing Cash Downpayment Assistance

    Statewide in New Hampshire

    New Hampshire state agency cash assistance of $5,000, $10,000 or $15,000 for the down payment with an NH Housing mortgage; open to any buyer who qualifies, not only first-time buyers. Offered by New Hampshire Housing.

    Type not stated

    See the program Official page

  • 1stGenHomeNH

    Statewide in New Hampshire

    Limited funds remain, per the source

    New Hampshire state agency help of $10,000 for the down payment, closing costs and the escrow account, as a second mortgage with no interest or payments, repaid when you sell, refinance or leave the home; for first-generation buyers, people who were in foster care, or refugees or asylees. Offered by New Hampshire Housing.

    Deferred

    See the program Official page

Housing counselors near East Merrimack

The HUD-approved agencies closest to the center of East Merrimack, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 6 miles away

    • Home improvement and repairs
    • Pre-purchase counseling
    (603) 472-8623

  • New Hampshire Housing Finance Authority

    32 Constitution Dr, Bedford · 6 miles away · Spanish

    Also serves in other languages.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (603) 310-9287

  • Neighborworks of Southern New Hampshire

    801 Elm St, Manchester · 8 miles away

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 5 more
    (603) 626-4663

Every agency in Hillsborough County All counseling agencies in New Hampshire

Help in Spanish near East Merrimack

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of East Merrimack

In HUD’s record, no housing authority with an office in Hillsborough County is named for East Merrimack or Hillsborough County.

4 other authorities have an office in Hillsborough County: see the list Source: HUD

Cities

Other cities in Hillsborough County

These cities are also in Hillsborough County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Hillsborough County Housing in New Hampshire

Nearby cities

The cities closest to East Merrimack, with the typical home value.

Neighboring counties

If Hillsborough County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in East Merrimack.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about East Merrimack

Short answers with the numbers for East Merrimack and all of Hillsborough County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in East Merrimack?

The typical home value in East Merrimack is $291,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hillsborough County it is $421,100.

How much does it cost to rent in East Merrimack?

Typical rent in East Merrimack is $1,952 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hillsborough County is $1,834–$2,239.

What is the FHA loan limit in East Merrimack?

East Merrimack uses the FHA limit for all of Hillsborough County (2026): $589,950 for a one-unit home and $1,134,550 for a four-unit home.

How much property tax do owners pay in East Merrimack?

The typical homeowner in East Merrimack pays $4,652 a year, according to the U.S. Census Bureau. That is 1.6% of the home’s value; in Hillsborough County, the rate is 1.66%.

Where can I find free help to buy or rent in East Merrimack?

There are 3 HUD-approved counseling agencies with an office in Hillsborough County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).