Merrillville, IN is a great place to live with a housing median value of $219,500. This is significantly lower than the US House Median Value of $338,100 and offers plenty of opportunity for home buyers. In addition to this attractive pricing, the 1 year house appreciation in Merrillville has been 9.79%, which is higher than the 8.27% US 1 year appreciation rate. With great prices and appreciation growth, Merrillville is a very attractive place to buy a home.
The median home cost in Merrillville is $219,500. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Merrillville is up 13.9%.
Average Age of Homes
- The median age of Merrillville real estate is 43 years old
The Rental Market in Merrillville
- Renters make up 33.9% of the Merrillville population
- 1.4% of houses and apartments in Merrillville, 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.