Merom, IN Foreclosures
How much do homes sell for in Merom, IN?
The average home price is currently $169,999.
What’s the average rental cost in Merom, IN?
The average rental price in Merom is $891.
What is the most expensive home in Merom?
The most expensive home sold in Merom had a price of $566,743.
What is currently the cheapest priced home in Merom, IN?
The cheapest home for sale in Merom is priced at $10,620.
Living in Merom, IN
Merom, Indiana is a small, close-knit community offering a tranquil lifestyle surrounded by nature. With its scenic views and relaxed atmosphere, it is ideal for those seeking peace away from urban hustle. Residents enjoy local events and a strong sense of community engagement, making it a charming option for families and retirees alike.
Current Market Conditions in Merom, IN
The real estate market in Merom has seen consistent growth in recent years, thanks to the area's appeal for homebuyers looking for peace and community. This small town has maintained stable property values, making it an attractive option for both first-time buyers and investors. The demand for homes in this quaint location is steady, as prospective homeowners appreciate the advantages of rural living with accessibility to urban amenities nearby.
Recently, a trend of increasing property investments has emerged, as more people seek homes with larger spaces and natural surroundings. This trend reflects a broader shift in real estate, where buyers prioritize outdoor spaces and comfort over crowded urban environments.
Home Value Estimator For Merom, IN
There are currently 238 real estate properties
in Merom, IN,
with a median automated valuation model (AVM) price
of $136,214.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Merom, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Merom, IN,
is $169,999.00, with the most expensive house
in Merom, IN, topping out
at $566,743.00 and the cheapest home
in Merom, IN,
clocking in at $10,620.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Merom, IN!
Rent Prices
In Merom, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Merom, IN, is on
a rollercoaster ride. The
average rent price in Merom, IN,
is $891.00. Indeed, when looking to rent in
Merom, IN, you can expect to pay as little
as $540.00 or as much
as $2,080.00,
with the average rent median estimated to
be $840.00. The good news is that finding
an affordable and desirable property to rent in Merom, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
