03242 — Merrimack County, New Hampshire Market Snapshot
Housing market data for zip code 03242 in Merrimack County, New Hampshire. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$491,629
Days to Sell
34
Homes Sold
10
Inventory
5
Sale-to-List
102.6%
New Listings
11
Price/SqFt
$263
Pending Sales
9
Conforming Loan Available
Most homebuyers in 03242 can comfortably use conventional financing. The median home price of $491,629 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
03242's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes in 03242 are selling 2.6% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 03242 can comfortably use conventional financing. The median home price of $491,629 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 03242 are set at the county level.
2026 Loan Limits — Merrimack County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 03242
To purchase the median home at $491,629 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,917.
Monthly Payment
$3,917
Income Required
$167,859
Principal & Interest
$3,029/mo
Down Payment (5%)
$24,581
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 03242.
Estimated Monthly Payment
$3,193
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