The housing market in Merrill, OR is doing remarkably well compared to the US average. The median home value in Merrill is $218,800, which is far lower than the national median of $338,100. Although there has been an 8.27% appreciation rate for homes in America over the last year, homes in Merrill have appreciated even faster at a 9.53% rate, demonstrating that the real estate opportunities are excellent in this community. With such great value and strong appreciation rates, there has never been a better time to invest in real estate in Merrill.
The median home cost in Merrill is $218,800. Home appreciation the last 10 years has been 126.0%. Home Appreciation in Merrill is up 16.0%.
Average Age of Homes
- The median age of Merrill real estate is 45 years old
The Rental Market in Merrill
- Renters make up 36.5% of the Merrill population
- 3.6% of houses and apartments in Merrill, 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.