Median price for residential apartments in as of Sep, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
158 Merrillville, IN, USA apartments for sale
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.
- USA
- Merrillville, IN
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.
- USA
- Merrillville, IN
Rent vs. Own
- Rent65%
- Own35%
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.
- USA
- Merrillville, IN
Housing Trends
Merrillville, IN, USA Housing Trends
Average sale in Merrillville: $263,633 (+19.5%)
| Apartment Size | Sep | vs Last Month |
|---|---|---|
| 2 bed apartments | $239,999 | +42.1% |
| 3 bed apartments | $139,900 | -29.4% |
| 4+ bed apartments | $300,475 | +10.2% |
During Sep 2021, the average price for an apartment in/near Merrillville, IN increased by 19.5% to $263,633.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $239,999. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $139,900. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $300,475 for a big-family home.
| Listing Type | Sep | vs Last Month |
|---|---|---|
| Houses for sale | $300,475 | +31.1% |
| Duplexes for sale | $239,999 | +5.3% |
| Townhouses for sale | $110,000 | N/A |
| Lofts for sale | $139,900 | N/A |
According to statistics, average house is still $300,475 with no significant changes this month. An average value of duplex is $239,999, 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 $139,900. Value of the townhouses didn’t change, the price still starts at $110,000.
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