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Sarah Mitchell
Compass Real Estate · ZIP 03054
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03054 ZIP Code Housing Market
$505,000median sale price
What is the 03054 housing market like right now?
The median home sale price in ZIP code 03054 is $505,000. Homes sell in an average of 20 days with 52 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 03054 ZIP code a buyer's or seller's market?
ZIP code 03054 is currently a balanced market and homes selling in about 20 days. How we determine this →
What are the latest 03054 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $505,000 |
| Median list price | $540,000 |
| Average days on market | 20 days |
| Active inventory | 52 listings |
| Sale-to-list price ratio | 101.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 03054 zip code, located in East Merrimack, NH, is currently classified as a balanced market. The median sale price stands at $505,000. Homes in this area spend an average of 20 days on the market before going under contract. There are currently 52 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 03054 sits in the East Merrimack, NH area, roughly 2.4 miles from downtown East Merrimack. Because home prices are set street by street, this ZIP can move differently from East Merrimack's citywide averages. The figures below reflect 03054 specifically — drawn from Redfin transactions, U.S. Census data for its 28,176 residents, and Zillow value estimates.
Homes sold
83
Last 12 weeks
Days on market
20
Fast-moving
Active listings
52
Sale-to-list
101.8%
Above asking
What is driving the 03054 housing market?
The 03054 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 03054 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 03054 stands at $542,852, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,623 per month. This gives a price-to-rent ratio of approximately 17.2, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 03054?
Population
28,176
Median income
$127,303/yr
Median age
41.5 years
Owner-occupied
88.9%
College grads
50.2%
Avg commute
31.11 min
What is it like living in 03054?
Zip code 03054 is home to approximately 28,176 residents. The median household income is $127,303 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 88.9% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 50.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 31.11 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 03054.
Which public schools serve ZIP 03054?
7 schools tracked · 3,679 students
The largest public schools serving ZIP code 03054 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Merrimack High School
Grades 9-12 · 1,095 students
Thorntons Ferry School
Grades PK-4 · 535 students
Merrimack Middle School
Grades 7-8 · 511 students
James Mastricola Upper Elementary School
Grades 5-6 · 509 students
Reeds Ferry School
Grades PK-4 · 490 students
James Mastricola Elementary School
Grades PK-4 · 396 students
Gate City Charter School for the Arts
Grades K-8 · 143 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 03054
What is the median home price in 03054?
The current median sale price in 03054 is $505,000, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 03054 a buyer's or seller's market?
The 03054 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 03054?
Zip code 03054 has a population of approximately 28,176 residents. The median household income is $127,303 per year. About 88.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 03054?
Properties Incorporated provides comprehensive data for 03054 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 03054 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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