The housing market in Merrydale, LA is comparable to the US housing market overall. The median value of a house in Merrydale is $128,900, which is significantly lower than the US median value of $338,100. Although the appreciation rate over the past year has been slightly lower in Merrydale at 8.15%, this still represents an increase in property values. This indicates that Merrydale is a great place for those looking for affordable housing options with rising home values.
The median home cost in Merrydale is $128,900. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Merrydale is up 9.6%.
Average Age of Homes
- The median age of Merrydale real estate is 45 years old
The Rental Market in Merrydale
- Renters make up 27.0% of the Merrydale population
- 3.0% of houses and apartments in Merrydale, 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.