Merritt, MI (49667) is a small town with an affordable housing market compared to the national average. The median value of houses in Merritt is $161,100, which is significantly lower than the US national median value of $338,100. Despite this difference, the house appreciation rate in Merritt over the last year has been 15.49%, much higher than the 8.27% appreciation rate nationally. This shows that despite having relatively low house values compared to other parts of the US, Merritt's housing market continues to show strong growth and appreciation potential for those interested in buying or investing in real estate there.
The median home cost in Merritt (zip 49667) is $161,100. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Merritt (zip 49667) is up 19.8%.
Average Age of Homes
- The median age of Merritt (zip 49667) real estate is 41 years old
The Rental Market in Merritt (zip 49667)
- Renters make up 11.1% of the Merritt (zip 49667) population
- 0.0% of houses and apartments in Merritt (zip 49667), 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.