City-owned Homes And Land in Merrifield, MN

Current Market Conditions in Merrifield, MN

Merrifield's real estate market is currently stable, with a range of properties available from cozy homes to larger family residences. The demand for housing in this area has shown gradual growth over the past year, primarily driven by families seeking affordable options in picturesque surroundings. First-time homebuyers are also actively entering the market, attracted to the town's community spirit and quality of life.

In recent months, the market has become increasingly competitive, with new listings receiving strong interest and often going under contract quickly. Buyers are drawn to the natural beauty of the surrounding area, leading to an uptick in interest and investment in local properties.

Rent Prices In Merrifield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrifield, MN, is on a rollercoaster ride. The average rent price in Merrifield, MN, is $1,662.00. Indeed, when looking to rent in Merrifield, MN, you can expect to pay as little as $640.00 or as much as $2,280.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Merrifield, MN -- 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.