There are currently 11,395 real estate properties in Merrick, NY, with a median automated valuation model (AVM) price of $671,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrick, NY, 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 Merrick, NY, is $701,862.00, with the most expensive house in Merrick, NY, topping out at $2,840,100.00 and the cheapest home in Merrick, NY, clocking in at $182,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrick, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrick, NY, is on a rollercoaster ride. The average rent price in Merrick, NY, is $3,234.00. Indeed, when looking to rent in Merrick, NY, you can expect to pay as little as $1,490.00 or as much as $8,440.00, with the average rent median estimated to be $3,130.00. The good news is that finding an affordable and desirable property to rent in Merrick, NY -- 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Merrick, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Merrick, NY and much more. Save thousands at closing with home foreclosure listings in Merrick, NY — up to 75% off market value!
Merrick is located in Nassau, New York, with an estimated municipal population of 20,130 residents. All of the best foreclosed homes for sale in Merrick are located in the following zip code areas on Foreclosure.com: 11566 11520. The estimated population per square kilometer (.62 miles) in Merrick is 1,952.
So, about how much do homes cost in Merrick? The most recent median value of resident-owned homes in Merrick is 570,913. An estimated 94.4 percent of households in Merrick own their homes, with an average family size of 3.18. The median household income in Merrick is 158,306, with72.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Merrick, the median commute time of resident workers (in minutes) is 41.4. And last, but certainly not least, are you looking for homes to rent in Merrick? If so, the average rent price paid by renters in Merrick is 2,208, according to recent statistics.
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 Merrick, 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 Merrick is 45.4, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Merrick is 63.3, with an average family size of 3.18.
The percentage of residents who report their race in Merrick is as follows:
|Black / African American||2.3%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Merrick? Or maybe you are searching for 55+ active adult communities in and/or near Merrick?
The percentage of residents who report their age in Merrick is as follows:
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 Merrick with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Merrick.
How do you know that living in -- or moving to -- Merrick is right where you need to be? Perhaps you grew up in Merrick or already live nearby; therefore, the decision to buy a home in Merrick is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Merrick 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 Merrick:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Merrick.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Merrick can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Merrick, meanwhile, can field multiple offers from more qualified buyers.