Zip 48637 (Merrill, MI) Housing

The housing in 48637 Merrill, MI is significantly more affordable than the US median value of $338,100. The median value of homes in 48637 Merrill, MI is $148,700 which is nearly half the national median. Furthermore, in the past year homes in 48637 Merrill, MI have appreciated by 9.86%, a higher rate than the US average of 8.27%. Therefore, investing in real estate in 48637 Merrill can be a great move for those looking for a good return on their investment.

The median home cost in Merrill (zip 48637) is $148,700. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Merrill (zip 48637) is up 15.7%.

Average Age of Homes

- The median age of Merrill (zip 48637) real estate is 51 years old

The Rental Market in Merrill (zip 48637)

- Renters make up 13.0% of the Merrill (zip 48637) population
- 0.2% of houses and apartments in Merrill (zip 48637), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Merrill, Michigan	United States
	1,322.0	139,647,020.0
	51	42
	$148,700	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$18.09	$10.98
	$2,084	$2,690
	82.4%	57.4%
	6.1%	11.2%
	11.6%	31.4%
Vacant Housing
	0.2%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	1.8%	0.4%
	0.8%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	4.4%	2.4%
	4.5%	2.8%
	12.9%	3.9%
	12.9%	4.5%
	26.8%	11.3%
	13.3%	13.0%
	12.9%	20.1%
	4.6%	13.6%
	1.3%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	1.5%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	7.1%	13.6%
	6.8%	13.2%
	26.5%	14.8%
	7.1%	13.6%
	13.6%	10.0%
	7.4%	4.7%
	17.3%	12.2%