The housing market in North Merrick, NY is thriving. The median value of homes in the area is $609,500, which is almost double that of the US median at $338,100. Additionally, over the past year there has been a 8.74% appreciation rate for houses in North Merrick versus 8.27% across the country. This shows that investing in property here can be very rewarding and beneficial to homeowners and potential buyers alike.
The median home cost in North Merrick is $609,500. Home appreciation the last 10 years has been 75.1%. Home Appreciation in North Merrick is up 12.8%.
Average Age of Homes
- The median age of North Merrick real estate is 62 years old
The Rental Market in North Merrick
- Renters make up 6.5% of the North Merrick population
- 0.4% of houses and apartments in North 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.