The housing market in 47861 Merom, IN is doing particularly well compared to the national average. The median value of housing in 47861 Merom, IN is $142,900 which is significantly lower than the US median value of $338,100. Additionally, the appreciation rate for homes in 47861 Merom, IN over the past year has been 14.15%, well above the 8.27% national 1-year house appreciation rate. This indicates that home values in the area are growing rapidly and that this could be a good opportunity for potential buyers.
The median home cost in Merom (zip 47861) is $142,900. Home appreciation the last 10 years has been 66.3%. Home Appreciation in Merom (zip 47861) is up 15.4%.
Average Age of Homes
- The median age of Merom (zip 47861) real estate is 51 years old
The Rental Market in Merom (zip 47861)
- Renters make up 8.2% of the Merom (zip 47861) population
- 9.8% of houses and apartments in Merom (zip 47861), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.