Merrilville, IN

Population: 35,622
Average annual home appreciation rate: 3.32%
Total of homes for sale in this market: 189
Median home price: $133,171
Median Rent: $982 per room
Home price range: 63.15% of homes are between $102,001 – $204,000
Median sales price: $54,851
Number of homes: 185
Median foreclosure sales price: $53,909
Foreclosure discount: 2%
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: 7.60%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Merrilville 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.

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