Merrimac: Housing & Real Estate
Housing in Merrimac centers on a median value of $-666,666,666 (estimated market value runs 100% lower at $82,309), with median rent $1,101 (1.1× below Montgomery County median $1,240; 1.4× below Virginia median $1,579). Homeownership rate: 26.6%. Market is warm. Vacancy rate 10.1%. New construction makes up 27.0% of stock. A municipal building code is in effect.
- -12435.3× annual income — home value vs. household income (vs Virginia 4.1×).
- -50459.2 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 2.3× a studio — rent gradient by unit size.
- Median rent 13% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $-666,666,666 — -1742.9× the Virginia median ($382,500). Median rent $1,101/month. homeownership rate 26.6% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 1.4× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 24.6% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 30.4% |
| Affordability · Poverty Rate | 12.6% |
| Fair Market Rent · Studio rent | $910 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $993 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $1,271 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $1,706 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $2,132 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Blacksburg-Christiansburg-Radford, VA HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $82,309 |
| Median Home Value | $-666,666,666 (vs Virginia $382,500) |
| Median Rent | $1,101 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 10.1% |
| Housing Market · New construction (% of stock) | 27.0% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.3% (vs Virginia 49.4%) |
| Broadband · Broadband-capable premises | 1,581 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 26.6% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1991 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12