The housing market in 68856 Merna, NE is quite remarkable. According to the given information, the median value of a home in the area is $161,600, which is far lower than the US house median value of $338,100. However, when it comes to year-over-year appreciation rate, Merna residents can benefit from much higher returns on their investments. The US housing market saw an appreciation rate of 8.27%, while homes in 68856 Merna appreciated at 18.33%. This higher appreciation rate signals that now is a great time for people looking to purchase a new home in this area.
The median home cost in Merna (zip 68856) is $161,600. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Merna (zip 68856) is up 14.5%.
Average Age of Homes
- The median age of Merna (zip 68856) real estate is 56 years old
The Rental Market in Merna (zip 68856)
- Renters make up 26.0% of the Merna (zip 68856) population
- 4.1% of houses and apartments in Merna (zip 68856), 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.