Merrimac, VA is a great place to live with a median home value of $182,800. This is much lower than the US House Median Value of $338,100, making it an attractive option for those looking for more affordable housing options. The appreciation rate for homes in Merrimac over the past year has been 11.69%, which is significantly higher than the US 1 year Appreciation rate of 8.27%. This suggests that investing in a house in Merrimac can be a sound financial decision as property values are likely to increase in the future.
The median home cost in Merrimac is $182,800. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Merrimac is up 17.1%.
Average Age of Homes
- The median age of Merrimac real estate is 32 years old
The Rental Market in Merrimac
- Renters make up 55.2% of the Merrimac population
- 3.4% of houses and apartments in Merrimac, 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.