Merom, IN Foreclosures
How much do homes sell for in Merom, IN?
The average home price is currently $173,935.
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 $588,536.
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 quaint town set in Sullivan County, offering a serene rural lifestyle coupled with a strong sense of community. Residents can enjoy beautiful outdoor spaces, local shops, and the charm of small-town living. With easy access to nearby attractions, it is perfect for those looking for tranquility while remaining connected to essential amenities.
Current Market Conditions in Merom, IN
Merom's real estate market remains stable with a modest mix of single-family homes and rural properties. The demand has been steady, with buyers seeking affordable options in a tranquil environment. The average home price tends to be lower than the national average, making it an attractive area for first-time homebuyers and retirees alike.
In recent months, there has been a slight uptick in the market activity, spurred by increased interest in rural living from those coming from urbanized regions. The growth in remote work opportunities has contributed to this trend, allowing individuals to enjoy country life while maintaining their jobs.
Home Value Estimator For Merom, IN
There are currently 248 real estate properties
in Merom, IN,
with a median automated valuation model (AVM) price
of $147,560.00. 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 $173,935.00, with the most expensive house
in Merom, IN, topping out
at $588,536.00 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
