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Foreclosure Homes in Merom, IN

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W-gettinger-rd-Merom-IN-47861
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$41,395 EMV

W Gettinger Rd
Merom, IN 47861

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Home Value Estimator For Merom, IN

There are currently 45 real estate properties in Merom, IN, with a median automated valuation model (AVM) price of $84,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merom, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Merom, IN, is $104,207.00, with the most expensive house in Merom, IN, topping out at $293,800.00 and the cheapest home in Merom, IN, clocking in at $22,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Merom, IN!


Rent Prices In Merom, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merom, IN, is on a rollercoaster ride. The average rent price in Merom, IN, is $911.00. Indeed, when looking to rent in Merom, IN, you can expect to pay as little as $640.00 or as much as $1,730.00, with the average rent median estimated to be $850.00. The good news is that finding an affordable and desirable property to rent in Merom, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Merom, IN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Merom, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Merom, IN and much more. Save thousands at closing with home foreclosure listings in Merom, IN — up to 75% off market value!


Top Reasons To Live In Merom, IN In 2021

Merom is located in Sullivan, Indiana, with an estimated municipal population of 218 residents. All of the best foreclosed homes for sale in Merom are located in the following zip code areas on Foreclosure.com: 47861. The estimated population per square kilometer (.62 miles) in Merom is 236.


Cost Of Living In Merom, IN

So, about how much do homes cost in Merom? The most recent median value of resident-owned homes in Merom is 50,786. An estimated 84.6 percent of households in Merom own their homes, with an average family size of 2.91. The median household income in Merom is 43,750, with6.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Merom, the median commute time of resident workers (in minutes) is 31.7.


Diversity And Demographics In Merom, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Merom, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Merom is 33.6, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in Merom is 54.3, with an average family size of 2.91.

The percentage of residents who report their race in Merom is as follows:

White 96.9%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.1%
Other 0%

Looking for family-friendly neighborhoods in and/or near Merom? Or maybe you are searching for 55+ active adult communities in and/or near Merom?

The percentage of residents who report their age in Merom is as follows:

Under 10 16.1%
Aged 10-19 8.3%
20s 18.1%
30s 17.6%
40s 8.3%
50s 13%
60s 11.4%
70s 2%
80+ 5.2%

Best Schools In Merom, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Merom with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Merom.


Pros And Cons Of Living In Merom, Indiana

How do you know that living in -- or moving to -- Merom is right where you need to be? Perhaps you grew up in Merom or already live nearby; therefore, the decision to buy a home in Merom is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Merom for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Merom:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Merom.


Reasons To Move To Merom, Indiana, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Merom can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Merom, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Merom, IN

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