The housing in Merrick, NY is significantly more expensive than the US median value, with a median value of $725,100. Furthermore, while the US house appreciation rate was 8.27%, Merrick's was slightly higher at 8.72%. This shows that the housing market in Merrick continues to remain strong and desirable for potential buyers. Overall, it seems likely that the housing prices in Merrick will remain high for years to come.
The median home cost in Merrick is $725,100. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Merrick is up 12.8%.
Average Age of Homes
- The median age of Merrick real estate is 62 years old
The Rental Market in Merrick
- Renters make up 4.9% of the Merrick population
- 0.0% of houses and apartments in Merrick, 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.