Merrill Township, MI is an area with strong housing values. The median value for homes in the township is just over $133,400, compared to the US median value of $338,100. In addition, Merrill Township has enjoyed a higher than average house appreciation rate of 12.54% in the past year whereas the US 1-year house appreciation rate was 8.27%. This suggests that houses in Merrill Township are not only more affordable but also have grown in value faster than most other areas in the US.
The median home cost in Merrill township (Newaygo County) is $133,400. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Merrill township (Newaygo County) is up 16.2%.
Average Age of Homes
- The median age of Merrill township (Newaygo County) real estate is 42 years old
The Rental Market in Merrill township (Newaygo County)
- Renters make up 6.5% of the Merrill township (Newaygo County) population
- 0.0% of houses and apartments in Merrill township (Newaygo County), 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.