Merrillville, IN

Population: 35,450
Average annual home appreciation rate: 6.03%
Total of homes for sale in this market: 207
Median home price: $133,813
Median Rent: $1,081 per room
Home price range: 63.15% of homes are between $103,001 – $205,000
Median sales price: No data
Number of homes: 220
Median foreclosure sales price: $68,500
Foreclosure discount: No data
Most common home type: 60.13% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.46%
Number of renters: 34.70%
Number of owner occupied: 65.30%
Number people living below poverty level: 16.69%
Unemployment rate: 6.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Merrillville area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *