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Foreclosure Homes in Merino, CO

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Merino, CO Foreclosures

How much do homes sell for in Merino, CO?
The average home price is currently $364,656.
In Merino, CO, how many homes are available?
There are currently 2 active home listings available in Merino.
What’s the average rental cost in Merino, CO?
The average rental price in Merino is $1,090.
What is the most expensive home in Merino?
The most expensive home sold in Merino had a price of $4,200,619.
What is currently the cheapest priced home in Merino, CO?
The cheapest home for sale in Merino is priced at $23,976.

Living in Merino, CO

Merino, Colorado, is a small and charming town nestled in the heart of Phillips County. Known for its rural beauty and tight-knit community, Merino offers a unique blend of agriculture and local traditions. Here, residents enjoy peaceful living with breathtaking views of the Colorado plains and easy access to outdoor activities, making it an ideal place for families and those seeking a slower pace of life.

Current Market Conditions in Merino, CO

Currently, Merino's real estate market is showing signs of stability with steady demand for residential properties. The affordable prices in the area attract first-time homebuyers and those looking to invest in agricultural land. With a population that values community and tradition, there is a consistent demand for homes in this area.

The market in Merino is characterized by a mix of older homes that have historical charm and newer constructions that cater to modern preferences. As the area remains relatively undiscovered compared to larger Colorado cities, this presents a unique opportunity for buyers seeking value and investment potential.

Home Value Estimator For Merino, CO

There are currently 358 real estate properties in Merino, CO, with a median automated valuation model (AVM) price of $306,795.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merino, CO, 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 Merino, CO, is $364,656.00, with the most expensive house in Merino, CO, topping out at $4,200,619.00 and the cheapest home in Merino, CO, clocking in at $23,976.00. In other words, there’s something for every potential homebuyer or savvy investor in Merino, CO!

Rent Prices In Merino, CO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merino, CO, is on a rollercoaster ride. The average rent price in Merino, CO, is $1,090.00. Indeed, when looking to rent in Merino, CO, you can expect to pay as little as $500.00 or as much as $3,380.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Merino, CO -- 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.

Merino, CO Foreclosures


Market Trend for Merino, CO

Total Listings Available: 2

Market Values:

Home Prices from $23,976 to $4,200,619

Average Sales Price: $364,656

Rental Values:

Rental from $500 to $3,380

Average Rent Value: $1,090 / month

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