The housing market in 01860 Merrimac, MA is quite robust and has remained relatively steady over the last year. According to the data presented, the median value of homes in this area is just over $517,700, significantly higher than the US median value of $338,100. In addition to a higher median home value, Merrimac residents have also seen an 8.08% appreciation in house values over the past year which is slightly lower than the national rate of 8.27%. This indicates that despite higher costs for buying a home in this area, these homeowners are still seeing good returns on their investments.
The median home cost in Merrimac (zip 01860) is $517,700. Home appreciation the last 10 years has been 90.5%. Home Appreciation in Merrimac (zip 01860) is up 12.9%.
Average Age of Homes
- The median age of Merrimac (zip 01860) real estate is 33 years old
The Rental Market in Merrimac (zip 01860)
- Renters make up 14.6% of the Merrimac (zip 01860) population
- 1.6% of houses and apartments in Merrimac (zip 01860), 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.