Zip 51038 (Merrill, IA) Housing

Merrill, IA (ZIP 51038) is a great place to invest in real estate. The median value of housing in Merrill is $228,800, which is lower than the US house median value of $338,100. This difference means there could be potential for strong appreciation over time. In fact, Merrill has seen an impressive 10.62% house appreciation in the last year alone, compared to 8.27% nationally. All of these factors make Merrill a great option for potential homebuyers looking for a safe investment with high returns.

The median home cost in Merrill (zip 51038) is $228,800. Home appreciation the last 10 years has been 72.0%. Home Appreciation in Merrill (zip 51038) is up 12.4%.

Average Age of Homes

- The median age of Merrill (zip 51038) real estate is 48 years old

The Rental Market in Merrill (zip 51038)

- Renters make up 9.1% of the Merrill (zip 51038) population
- 0.0% of houses and apartments in Merrill (zip 51038), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Merrill, Iowa	United States
	715.0	139,647,020.0
	61	42
	$228,800	$338,100
	12.4%	16.6%
	42.6%	57.0%
	72.0%	101.1%
	$10.23	$10.98
	$1,618	$2,690
	82.4%	57.4%
	5.0%	11.2%
	12.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.8%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	3.9%	2.4%
	3.1%	2.8%
	5.4%	3.9%
	5.4%	4.5%
	28.4%	11.3%
	15.3%	13.0%
	24.1%	20.1%
	13.2%	13.6%
	0.3%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	6.6%	13.6%
	2.2%	13.2%
	6.0%	14.8%
	6.6%	13.6%
	6.7%	10.0%
	5.6%	4.7%
	37.5%	12.2%

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