Merrimack County Real Estate and Livability Trends
In Merrimack County, New Hampshire, average taxable income has notably increased from $62,508.22 in 2013 to $93,621.02 by 2021, potentially driving stronger buyer spending power in the real estate market. Median home values have similarly shown impressive growth, rising from $225,200 in 2015 to $297,600 in 2022, which could make the area a hotspot for investors. This is balanced by substantial... Read more
Merrimack County Market Trends
Merrimack County, New Hampshire's real estate market has shown impressive growth, with median home values climbing from $225,200 in 2015 to $297,600 in 2022. This aligns with broader statewide trends and positions the county as potentially more attractive for investment compared to the national landscape. Residential energy tax credits here have fluctuated widely, peaking at $4,092.86 in 2018,... Read more
Median Value of Occupied Housing Units in Merrimack County, New Hampshire Over the Last 8 Years
The median home values in Merrimack County, New Hampshire saw a steady rise from $225,200 in 2015 to $297,600 in 2022. This increase aligns with the broader trend observed in New Hampshire, where the state’s median value escalated from $237,300 to $337,100 during the same period. When compared to the national figures, which grew from $125,500 to $179,400, Merrimack County's housing market appears to be more robust, suggesting it could be a more attractive destination for investment or relocation within the state. This substantial growth in property values underscores a possible increased demand and a competitive housing market in the region.
Residential Energy Tax Credit Per Tax Return in Merrimack County, NH Over the Last 9 Years
Over the past nine years, residential energy tax credits in Merrimack County, New Hampshire have shown significant variability. From a low of approximately $406.23 in 2013, the average credit peaked at around $4,092.86 in 2018. This fluctuating trend can hint at sporadic but considerable investments in energy-efficient home improvements. For potential investors, insurers, and real estate agents, these numbers suggest varied homeowner interest and participation in energy-saving initiatives, which may reflect underlying economic or policy shifts. Understanding these trends can provide a nuanced picture of the local real estate market's evolving energy efficiency landscape.
Average Real Estate Taxes Per Tax Return in Merrimack County, NH Over the Last 10 Years
Over the last decade, Merrimack County, New Hampshire has seen a consistent increase in average real estate taxes per tax return. Starting from $6,640.20 in 2012 and rising to $10,148.19 by 2021, this nearly 53% hike could indicate rising property values or increased tax rates. Higher real estate taxes might affect potential investment decisions, appraisals, and insurance premiums, providing a critical metric for developers and real estate agents considering the area.
Percentage of Farm Returns in Merrimack County, NH Over the Last 10 Years
Farm tax returns in Merrimack County, New Hampshire have dipped slightly over the last decade, ranging from about 0.37% to 0.41%. These returns show only modest fluctuations, peaking in 2016 at approximately 0.41% and hitting a low in 2020 at around 0.36%. For potential investors or anyone considering property development in the area, this stability may indicate a relatively steady agricultural sector with minimal volatility. Given this context, Merrimack County may offer reassuring consistency for those interested in agricultural investments or rural living attributes.
Number of Mortgages by Occupancy Type in Merrimack County, NH Over the Last 5 Years in Merrimack County
In Merrimack County, New Hampshire, the mortgage landscape has largely been dominated by principal residences over the past five years. Shifts in occupancy types, such as the noticeable drop in mortgages for principal residences in 2022, could suggest changing market conditions or economic factors affecting homebuyers' decisions. The relatively stable yet lower counts for investment and second residences provide hints that these markets are steadier but less dynamic. For potential investors, understanding these nuances is crucial, as a dip in principal residence mortgages could indicate either a cooling market or shifts in buyer priorities, influencing everything from property valuations to insurance premiums.
Economic Outlook
Merrimack County, New Hampshire, reports remarkable gains in average taxable income, jumping from $62,508.22 in 2013 to $93,621.02 in 2021. This points toward increased buyer spending power and a wealthier demographic profile, beneficial for real estate and investment opportunities. However, there's also a rise in state and local income taxes, nearly doubling from $5,529.80 in 2016 to $9,900.53 in 2021, which may impact financial planning for homeowners and developers. While the poverty rate... Read more
Average Taxable Income per Tax Return in Merrimack County, NH over the last 9 years
Over the past nine years, Merrimack County, New Hampshire, has experienced a notable rise in average taxable income per tax return, increasing from $62,508.22 in 2013 to $93,621.02 in 2021. This upward trend is significant for investors and real estate agents as it indicates potentially increased buyer spending power and an evolving demographic with higher earnings. Insurance agents and appraisers might find this useful as it can affect property values and insurance rates. The steady income growth also suggests a stable economic environment, attracting people looking to build property or move to the area.
Average State and Local Income Taxes Per Tax Return in Merrimack County, NH Over the Last 10 Years
Merrimack County, New Hampshire, has seen a significant rise in average state and local income taxes per tax return over the past decade, climbing from $3,813.22 in 2012 to $9,900.53 in 2021. Notably, the most substantial increases occurred from 2016 onward, with an escalation from $5,529.80 to nearly double the amount in just five years. This upward trend could imply escalating local expenditures or adjustments in tax policies, which may affect financial planning for prospective homeowners, real estate developers, and investors considering the area. Understanding these tax dynamics is crucial for effective budgeting and forecasting property-related costs.
Average Total Tax Liability Per Tax Return in Merrimack County, NH Over the Last 10 Years
Over the past decade, Merrimack County, New Hampshire has experienced a notable increase in average total tax liability per tax return. Starting from $9,971.36 in 2012, the liability climbed to $16,125.08 by 2021. This steady upward trend suggests a growing economic base and potentially rising property values, which can impact assessments for those looking to invest or move into the area. For insurance agents and appraisers, this increment could signal higher value assessments and premiums, while real estate agents might find it encouraging as inferences of upward mobility could be drawn. Even though fluctuations like the dip in 2018 exist, the overall trajectory is upward, indicating sustained economic growth.
Cost of Living in Merrimack County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,839 | $1,621 | $1,473 | $1,954 | $1,321 |
| 1 adult 4 children | $1,839 | $1,324 | $1,121 | $1,954 | $1,502 |
| 2 adults 3 children | $1,839 | $1,324 | $1,281 | $1,954 | $1,105 |
| 1 adult 3 children | $1,839 | $1,081 | $929 | $1,954 | $1,296 |
| 2 adults 2 children | $1,411 | $1,084 | $1,089 | $1,693 | $888 |
| 1 adult 2 children | $1,411 | $810 | $737 | $1,693 | $933 |
| 2 adults 1 child | $1,411 | $857 | $897 | $847 | $771 |
| 1 adult 1 child | $1,411 | $553 | $545 | $847 | $700 |
| 2 adults | $1,072 | $688 | $705 | $0 | $602 |
| 1 adult | $963 | $375 | $352 | $0 | $516 |
Safety trends & Data
Merrimack County, New Hampshire has seen fluctuating property crime trends over the past five years. Larceny-theft, though still the most common crime, has notably decreased from 397.00 in 2018 to 236.00 in 2022. Burglary and fraud have also dropped, possibly reflecting better security or economic conditions. Minimal and stable arson incidents suggest effective law enforcement and community initiatives. For investors and real estate professionals, these trends hint at a potentially safer and... Read more
Property Crime Trends in Merrimack County, NH Over the Last 5 Years
Over the past five years, Merrimack County, New Hampshire has seen fluctuating trends in property crimes. Larceny-theft consistently remains the most prevalent crime, though it has generally trended downwards, from 397.00 in 2018 to 236.00 in 2022. Burglary and fraud also show notable declines, indicating possible improvements in security or economic conditions. Surprisingly, arson incidents remain minimal and stable, with minor variations. This data might suggest increased effectiveness in law enforcement or community initiatives aimed at reducing property crime. For investors and real estate professionals, these trends indicate a potentially safer and more stable environment for property ownership and development.
Demographics
Merrimack County in New Hampshire shows a nearly equal split between male and female adult population, suggesting balanced demographics. The educational landscape is diverse, with a significant portion holding at least a high school diploma, and noticeable figures achieving higher education degrees, hinting at a well-educated populace. Age-wise, the distribution appears fairly spread, though there's a considerable number of residents in the 45 to 64 age brackets, which might reflect on local... Read more
Race Distribution in Merrimack County, New Hampshire (2022)
Educational Attainment in Merrimack County, New Hampshire (2022)
Age Distribution in Merrimack County, New Hampshire
Citizen Population in Merrimack County, New Hampshire (2022)
Political Trends & Data
Merrimack County, New Hampshire, showed a tendency towards Democratic candidates in the 2020 Presidential Election, with an estimated 54% vote share. Republicans might have received around 44%, while the Libertarian presence was minimal at under 2%. This leaning towards progressive policies could suggest a community that favors progressive real estate initiatives and green building projects, hinting at less traction for third-party candidates moving... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Merrimack County in New Hampshire appeared to favor Democratic candidates in the 2020 U.S. Presidential Election, with Democrats possibly securing around 54% of the vote compared to Republicans who perhaps garnered about 44%. The Libertarian vote share seemed marginal at just under 2%, and interest in other parties like the Green Party was reportedly negligible. This electoral behavior could indicate a leaning towards progressive policies and a potential challenge for third-party candidates to gain significant traction in future elections.
44.22% of voters voted for the Republican party in the 2020 Presidential Election
54.04% of voters voted for the Democrat party in the 2020 Presidential Election
1.74% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Merrimack County, New Hampshire, has shown a trend of decreasing student-to-teacher ratios, dropping from 12.61 in 2014 to 10.85 in 2022, before slightly rising to 11.86 in 2023. This could suggest a favorable educational climate, making the county more appealing for families and potentially driving up property values. For real estate professionals, such metrics might indicate higher demand linked to quality education, while developers and insurers might see these trends as markers of a stable... Read more
Student-to-teacher ratio in Merrimack County, New Hampshire over the last 10 years
Merrimack County, New Hampshire, has seen fluctuations in its student-to-teacher ratio over the last decade, with values generally hovering below the national average of 14 students per teacher. Notably, the ratio decreased from 12.61 in 2014 to a low of 10.85 in 2022 before slightly increasing to 11.86 in 2023. For investors, lower student-to-teacher ratios could indicate a more favorable educational environment, potentially enhancing property values and attractiveness for families. For appraisers and real estate agents, these ratios may reflect the quality of local education, influencing demand. Lower ratios can also be crucial for insurance agents and builders as they often correlate with a more stable and satisfied community, affecting long-term planning and risk assessment.
