Merom, IN Foreclosures
How much do homes sell for in Merom, IN?
The average home price is currently $168,533.
In Merom, IN, how many homes are available?
There are currently 49 active home listings available in Merom.
What’s the average rental cost in Merom, IN?
The average rental price in Merom is $892.
What is the most expensive home in Merom?
The most expensive home sold in Merom had a price of $566,611.
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, tight-knit community situated along the banks of the Wabash River. This quaint town offers a peaceful lifestyle characterized by friendly neighbors and a relaxed pace. Residents enjoy the natural beauty surrounding them, making it ideal for those seeking a tranquil environment away from the hustle and bustle of larger cities.
Current Market Conditions in Merom, IN
The Merom real estate market is currently experiencing a balanced situation, with home prices remaining stable over the past few months. Demand for homes tends to fluctuate, but the overall availability remains steady. As a result, buyers and sellers can find opportunities that fit their needs without overwhelming competition.
Recent trends indicate a growing interest in small-town living, as more people seek refuge from urban areas. This shift has prompted a mild increase in home values, which are projected to continue a gradual rise as the area garners attention for its natural beauty and peaceful lifestyle.
Home Value Estimator For Merom, IN
There are currently 231 real estate properties
in Merom, IN,
with a median automated valuation model (AVM) price
of $130,905.00. 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 $168,533.00, with the most expensive house
in Merom, IN, topping out
at $566,611.00 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 $892.00. 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
