Did you know that Merrimack was named in the best 50 places to live? A lot of people do not know that Merrimack was mentioned in CNN’s Money Magazine, which ranks smalls town every other year. If you are a resident of Merrimack already, then you should be proud. If you are a property owner, you know what that means, yes real estate value/price is going to go up. If you’re on rent, then you should visit a Merrimack mortgage company like Nextgen Mortgage now. In this article, we will look at Merrimack and we’ll also look at why the current time is the best to purchase real estate.
Before we get into describing why Merrimack is the ideal place to live and raise a family, we will look at what factors are looked at when choosing a place to settle down. The factors include job availability, median family income, average home prices, educational opportunities and the math and reading scores of the current population, crime, both personal and property-related. If you look at all these factors, you can understand their importance. We will discuss them individually and how Merrimack measures up in each segment:
Job Availability: The fact is you would not want to settle in a place where you would have a hard time finding a job. If you’re raising a family someplace, you will look towards a place where job opportunities are increasing. Merrimack is a place where job vacancies are on the rise; the area is home to the military engineering firm Nanocorp, as well as to many new startups, and a medical device manufacturing firm – Atrium Medical. Anheuser-Busch factory is a place that attracts many visitors and residents; there are modern malls that are adding to local tourism. So Merrimack’s current and future job availability prospectsare quite good.
Median Family Income: The amount of money you earn is directly related to your standard of living;the higher the average income of a family, the more buying power and a more comfortable living style they canmaintain. A high family income can also allow for more manageable mortgage payments. Merrimack has a median household income of greater than $100k, almost twice that of the national average of around $55k.
Average Home Price: The Median Home Value is somewhat related to the median family income; usually,a high family income results in a higher average of home prices. This reason is why Merrimack’s MHV is around $273k, which is much higher than the national average of $184k.
Education: The education level of the local population, as well as the availability of good schools, are factors that folks look for when they want to raise a family in a particular area. More than 97% of Merrimack’s population has a high school diploma or a higher degree and more than 75% have an associate or bachelor’s degree. There are many good public schools in Merrimack offering quality education at different grades.
Crime Rates: An evident and straightforward factor, the lower the crimerate of an area, the more attractive it is to people looking for a place to live. Merrimack’s crime rate, both personal and property-related, are very low as compared to the national average.
Visit a Merrimack Mortgage Provider
Having given detailed reasons why Merrimack should be the place you should head to for a peaceful and good life, we need to tell you why right now is the ideal time to visit the nearest Merrimack Mortgage Provider. We all know that the current pandemic has caused health and financial problems for the majority of the population. In such situations where people have cash problems, they tend to sell their properties at the best possible price; however, since they are in urgent need of money, they tend to sell it at a lower price. Couple that with the low-interest rates, this is the ideal time to buy real estate or a home that you weren’t able to previously. Getting a loan for your home from a professional mortgage company is the right move to make.