There are currently 11,116 real estate properties in Merrillville, IN, with a median automated valuation model (AVM) price of $223,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrillville, 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 Merrillville, IN, is $227,350.00, with the most expensive house in Merrillville, IN, topping out at $4,511,800.00 and the cheapest home in Merrillville, IN, clocking in at $37,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrillville, IN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrillville, IN, is on a rollercoaster ride. The average rent price in Merrillville, IN, is $1,282.00. Indeed, when looking to rent in Merrillville, IN, you can expect to pay as little as $760.00 or as much as $2,500.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Merrillville, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Merrillville, IN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Merrillville, IN and much more. Save thousands at closing with home foreclosure listings in Merrillville, IN — up to 75% off market value!
Merrillville is located in Lake, Indiana, with an estimated municipal population of 34,792 residents. All of the best foreclosed homes for sale in Merrillville are located in the following zip code areas on Foreclosure.com: 46410 46307 46401 46411. The estimated population per square kilometer (.62 miles) in Merrillville is 404.
So, about how much do homes cost in Merrillville? The most recent median value of resident-owned homes in Merrillville is 134,621. An estimated 63.9 percent of households in Merrillville own their homes, with an average family size of 3.25. The median household income in Merrillville is 60,803, with21 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Merrillville, the median commute time of resident workers (in minutes) is 29. And last, but certainly not least, are you looking for homes to rent in Merrillville? If so, the average rent price paid by renters in Merrillville is 1,082, 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 Merrillville, 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 Merrillville is 38.2, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Merrillville is 41.7, with an average family size of 3.25.
The percentage of residents who report their race in Merrillville is as follows:
|Black / African American||42.5%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Merrillville? Or maybe you are searching for 55+ active adult communities in and/or near Merrillville?
The percentage of residents who report their age in Merrillville 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 Merrillville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Merrillville.
How do you know that living in -- or moving to -- Merrillville is right where you need to be? Perhaps you grew up in Merrillville or already live nearby; therefore, the decision to buy a home in Merrillville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Merrillville 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 Merrillville:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Merrillville.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Merrillville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Merrillville, meanwhile, can field multiple offers from more qualified buyers.
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