RentData

Average Rent in Merrimack County, NH Rents rising 13.1% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 155,018

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Merrimack County, NH has rental prices ranging from $1,120/month to $2,140/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,230/month — 12% below the national average of $1,400/month. With a median household income of $93,944/year, spending $1,230/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Merrimack County Compares

With an average 2-bedroom rent of $1,614/month, Merrimack County ranks #5 most expensive of the 12 cities tracked in New Hampshire — pricier than 94% of all US cities in our data.

The Merrimack County Rental Market

The Merrimack County, NH area has a population of about 155,018 and 27% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Merrimack County, NH have risen by $187/month (13.1%) over the past year, from $1,427 to $1,614. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Merrimack County, NH without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $49,200. The local median household income of $93,944 exceeds that threshold by $44,744, making Merrimack County relatively accessible compared to local wages.

Economy & Jobs

Merrimack County, NH has an unemployment rate of 2.4%, 1.5 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Merrimack County's neighborhoods. Among the highest-value areas are Contoocook ($479,416 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Fair Market Rents

HUD FY2025
Studio
$1,120
Affordable
1 Bedroom
$1,230
Affordable
2 Bedrooms
$1,614
13.1% YoY
Affordable
3 Bedrooms
$2,132
Affordable
4 Bedrooms
$2,140
Affordable
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Is Merrimack County, NH Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$64,560/year
Local median income: $93,944
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,614/month and 20% down on a home at 7% rate.

Nearby Cities in NHlargest metros in the state

CityStudio1BR2BR3BRHome Value
Portsmouth$1,475$1,517$1,961$2,429
Western Rockingham County$1,526$1,536$2,015$2,824
Hillsborough County$1,184$1,192$1,564$1,917
Manchester$1,336$1,485$1,948$2,347
Nashua$1,458$1,621$2,126$2,824
Grafton County$1,104$1,156$1,516$2,019

Rent or Buy in Merrimack County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Merrimack County data

$
Home Value
$350,000
2BR Rent
$1,614/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,614/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Merrimack County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Merrimack County

Compare rent & home prices by neighborhood

💵Rent Affordability in Merrimack County

Salary needed to afford rent here

🗺️All Cities in NH

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⚖️Compare Merrimack County

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📋NH Tenant Rights

Deposit limits, eviction laws & renters protections