Housing in Merom, IN is significantly more affordable than the median value of US housing, at a median value of $113,400. This means that Merom can offer much more affordable housing options than many other places in the country. Additionally, while the US housing market has seen an appreciation of 8.27% over the course of one year, Merom has done even better with an appreciation rate of 14.15%. This is excellent news for both homebuyers and homeowners alike as it signals that homes in Merom are increasing in value faster than most other places in the country.
The median home cost in Merom is $113,400. Home appreciation the last 10 years has been 66.3%. Home Appreciation in Merom is up 15.4%.
Average Age of Homes
- The median age of Merom real estate is 64 years old
The Rental Market in Merom
- Renters make up 18.3% of the Merom population
- 0.0% of houses and apartments in Merom, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.