Merkel, TX is a great place to purchase real estate. The median value of homes in the area is $147,700 which is significantly lower than the US House Median Value of $338,100. Furthermore, the 1 year house appreciation for Merkel, TX is 7.07% which is slightly lower than the US 1 year house appreciation rate of 8.27%. Investing in housing in Merkel, TX can be a great way to get a good return on investment while still keeping your costs down.
The median home cost in Merkel is $147,700. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Merkel is up 12.3%.
Average Age of Homes
- The median age of Merkel real estate is 57 years old
The Rental Market in Merkel
- Renters make up 20.4% of the Merkel population
- 0.0% of houses and apartments in Merkel, 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.