Median price for residential apartments in Merrillville, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
Filters |
485 Merrillville, IN, USA apartments for sale
Map viewFilters
Merrillville
According to statistics, the population in Merrillville, IN amounts to 35,183, which shows decline 0% compared to the previous year. The median age of the city’s residents is 38. The average household income is $56,330, shifting growth 7% from the past year, and the average property value in Merrillville, IN decline 1% to $128,600 throughout the year.
| Population | 35,183 |
| Median Age | 38.2 |
| Poverty Rate | 11% |
| Household Income | $56,330 |
| Number Of Employees | 17,136 |
| Median Property Value | $128,600 |
Household Income
The average household income in Merrillville, IN grew from $52,428 to $56,330 in the past year. This data is an estimate based upon 13,952 households in Merrillville, IN . The chart below presents how household income is distributed in Merrillville, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Merrillville, IN shifted from $127,400 to $128,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Merrillville, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Merrillville, IN properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Merrillville, IN compared to median property taxes around the country. The prevalent amount of property taxes in Merrillville, IN equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Merrillville, IN, USA
Average apartment sale in Merrillville: $230,379 (+2%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $129,804 | +8.6% |
| 2-bed apartments | $198,772 | +6.1% |
| 3-bed apartments | $248,581 | +0.8% |
| 4+ bed apartments | $302,093 | +0.6% |
During Jan 2023, the average price for an apartment in/near Merrillville, IN increased by 2% to $230,379.
Knowing the current property prices is key if you plan to buy a studio in Merrillville, IN. The average price for a studio has increased since the last month, currently being $129,804. Asking price for 2-bed apartment also increased by 6.1% and a place of this size will now cost you $198,772. A 3-bed apartment goes for $248,581, it increased by 0.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 0.6% and made it up to $302,093.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $213,455 | -0.5% |
| Lofts for sale | $331,175 | +0% |
| Houses for sale | $276,676 | +1.8% |
| Duplexes for sale | $227,350 | +0% |
| Condos for sale | $228,233 | +9.5% |
| Land for sale | $129,804 | +8.6% |
Price reports demonstrate that house price increased by 1.8% this month making it up to $276,676. Condos are really in demand in this season. The median price for a condo increased by 9.5%, it’s now available for $228,233. An average value of duplex is $227,350, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $331,175. The property value of townhouses decreased by 0.5%, you’ll have to spend around $213,455 to get one. The average price of the land for sale in Merrillville, IN has increased by 8.6%, and now equals $129,804.
`