NMLS #2748687 · Company NMLS #2502308MBR
What it costs to own a home in Merrimack, NH
Beyond principal and interest, the biggest ongoing cost of owning a home in Merrimack is property tax: the 2026 rate is $15.08 per $1,000 of assessed value, about $126 a month for each $100,000 of assessed value. Homeowners insurance, heating, water and septic upkeep and, for condos, association dues come next. Your lender counts taxes, insurance and dues when it figures what you can afford.
By Tom MacDonald, Loan Officer · Checked November 12, 2026Elite Mortgage GroupNMLS #2748687Company NMLS #2502308MBR
Property tax
About $1,508 a year, or $126 a month, for each $100,000 of assessed value; on a home assessed at $500,000, about $628 a month (Town of Merrimack press release, November 5, 2026). Merrimack revalued every property for 2026, which is why the rate is lower than 2025's $22.11; a lower rate does not by itself mean a lower bill. See Merrimack property taxes and records for how to look up any home's assessment.
Homeowners insurance
Your lender requires homeowners insurance with the lender named on the policy, and proof of coverage before closing. Premiums depend on the home (age, roof, heating system, distance to a hydrant), so get quotes as soon as you're under contract. See the NH homeowners insurance guide.
Heating
Heating is a real line in a New Hampshire budget. Ask the seller for a year of fuel or electric bills and how old the system is. The NH home heating guide compares oil, propane, natural gas and heat pumps.
Water, sewer and septic
Town sewer is billed by the town: homes on town sewer pay a flat annual fee that's added to the July and December tax bills. Water is not a town service: public water comes from the Merrimack Village District (MVD) Water Works, and other homes have private wells. Ask whether a home is on MVD water or a well, and on town sewer or septic, because each one changes your costs and your inspection plan.
Trash and recycling
Merrimack has no curbside trash pickup. Household trash and recycling go to the town's Transfer Station and Recycling Facility, which needs a free residential decal. Details are on the New to Merrimack checklist.
Condo and association dues
If you buy a condo or a home in an association, the monthly dues count in the payment a lender uses to qualify you.
One-time costs when you buy
Closing costs, plus New Hampshire's real estate transfer tax: $0.75 per $100 of the price, paid by both the buyer and the seller. Your Loan Estimate lists your costs within 3 business days of applying. See NH closing costs.
Moving from Massachusetts?
New Hampshire has no broad-based tax on wages, though Massachusetts can still tax wages you earn there. The MA vs NH cost calculator compares the two for your situation.
Merrimack housing at a glance
| Census (ACS 2020-2024) | Merrimack |
|---|---|
| Housing units | 11,145 |
| Median home value (owner-estimated) | $458,600 (± $15,424) |
| Median year built | 1985 |
| Single-family share | 84% |
Housing facts only. Estimates have margins of error.
Next step: Want the full monthly picture for a specific Merrimack home? Send Tom the address and he'll lay out taxes, insurance and the loan options side by side. No credit pull to start. Tom MacDonald, Loan Officer, Elite Mortgage Group · NMLS #2748687 · Company NMLS #2502308MBR.
Sources
- Town of Merrimack press release, November 5, 2026 (Merrimack $15.08): https://www.merrimacknh.gov/DocumentCenter/View/9082/2026-Merrimack-Tax-Rate-Press-Release-Final
- Town of Merrimack, Sewer Billing and Rates: https://www.merrimacknh.gov/558/Sewer-Billing-Rates
- Merrimack Village District Water Works: https://www.mvdwaternh.gov/
- Fannie Mae Selling Guide B7-3-02, property insurance requirements: https://selling-guide.fanniemae.com/sel/b7-3-02/property-insurance-requirements-one-four-unit-properties
- Fannie Mae Selling Guide B3-6-02, debt-to-income ratios (taxes, insurance and dues count): https://selling-guide.fanniemae.com/sel/b3-6-02/debt-income-ratios
- NH RSA 78-B:1, real estate transfer tax: https://gc.nh.gov/rsa/html/V/78-B/78-B-1.htm
- CFPB, Loan Estimate: https://www.consumerfinance.gov/owning-a-home/loan-estimate/
- NH DRA, Interest and Dividends Tax (NH taxes no wages): https://www.revenue.nh.gov/taxes-glance/interest-dividends-tax
- U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates (tables B25001, B25024, B25035, B25077), via Census Reporter
- Town details (water, sewer, trash): this site's New to Merrimack checklist and its sources
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