Housing in 79536 Merkel, TX is quite affordable compared to the national average. The median value of homes in the area is $148,700, much lower than the US house median value of $338,100. Over the last year, home appreciation in 79536 Merkel has been 7.07%, slightly less than the US appreciation rate of 8.27%. This data suggests that housing prices in Merkel are increasing at a steadier rate than other parts of the country and still providing residents with an affordable option for home ownership.
The median home cost in Merkel (zip 79536) is $148,700. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Merkel (zip 79536) is up 12.3%.
Average Age of Homes
- The median age of Merkel (zip 79536) real estate is 44 years old
The Rental Market in Merkel (zip 79536)
- Renters make up 17.0% of the Merkel (zip 79536) population
- 0.0% of houses and apartments in Merkel (zip 79536), 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.