Merrifield, MN is a great place to invest in the housing market. The median value of houses in Merrifield is $364,800, which is higher than the US median value of $338,100. Additionally, the one-year appreciation rate for housing in Merrifield is 12.38%, which is higher than the national appreciation rate of 8.27%. This indicates that investing in housing in Merrifield can be beneficial as it will likely appreciate more quickly than other markets around the country.
The median home cost in Merrifield is $364,800. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Merrifield is up 20.4%.
Average Age of Homes
- The median age of Merrifield real estate is 43 years old
The Rental Market in Merrifield
- Renters make up 13.2% of the Merrifield population
- 0.0% of houses and apartments in Merrifield, 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.