Merrill, IA has a median housing value of $215,600, which is significantly lower than the US median of $338,100. However, Merrill's housing market has seen impressive appreciation over the last year at 10.62%, compared to 8.27% nationally. This strong appreciation suggests that Merrill is a desirable and growing place to live, making it a great option for potential homeowners looking for an affordable location with high growth potential.
The median home cost in Merrill is $215,600. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Merrill is up 12.4%.
Average Age of Homes
- The median age of Merrill real estate is 54 years old
The Rental Market in Merrill
- Renters make up 16.3% of the Merrill population
- 0.0% of houses and apartments in Merrill, 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.