Merom, IN Foreclosures
How much do homes sell for in Merom, IN?
The average home price is currently $169,924.
In Merom, IN, how many homes are available?
There are currently 50 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 $556,574.
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 peaceful small town located in Sullivan County, offering a charming rural lifestyle with a strong sense of community. Known for its outdoor recreational opportunities along the Wabash River, residents enjoy fishing, boating, and scenic walking paths. Families benefit from quality schools and nearby amenities, creating a welcoming environment for all.
Current Market Conditions in Merom, IN
The current real estate market in Merom is stable, with a modest increase in property values over the past several months. As a small town, Merom offers affordable housing options, making it attractive to first-time homebuyers and those looking to invest in rental properties. The demand remains steady, thanks in part to the area’s natural beauty and community-focused lifestyle.
Recent trends indicate an interest in rural living, with more buyers seeking homes that provide tranquility and space away from urban centers. This uptick has led to a slight appreciation in home prices, prompting sellers to consider their properties more seriously, though inventory remains modest.
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 $129,752.00. 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 $169,924.00, with the most expensive house
in Merom, IN, topping out
at $556,574.00 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.
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