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Short Sale Listings in Merrill, IA

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Living in Merrill, IA

Merrill, IA is a quaint small town with a welcoming community atmosphere. Ideal for families and individuals seeking a relaxed lifestyle, Merrill boasts abundant outdoor activities, local amenities, and strong educational institutions. The blend of rural charm with access to urban conveniences makes it an attractive location for real estate investment.

Current Market Conditions in Merrill, IA

The real estate market in Merrill has shown steady growth, attracting buyers looking for affordable housing options and investment opportunities. With a relatively low cost of living and a welcoming community, demand for properties has remained stable, making it a promising area for real estate investors.

Current trends indicate an increase in renovations and new constructions, as more individuals and families seek to settle in this peaceful environment. Investors can expect competitive prices compared to larger urban areas, positioning Merrill as an appealing market for both residential and rental properties.

Home Value Estimator For Merrill, IA

There are currently 633 real estate properties in Merrill, IA, with a median automated valuation model (AVM) price of $249,577.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrill, IA, 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 Merrill, IA, is $293,595.00, with the most expensive house in Merrill, IA, topping out at $1,507,428.00 and the cheapest home in Merrill, IA, clocking in at $14,196.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrill, IA!

Rent Prices In Merrill, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrill, IA, is on a rollercoaster ride. The average rent price in Merrill, IA, is $1,510.00. Indeed, when looking to rent in Merrill, IA, you can expect to pay as little as $880.00 or as much as $2,320.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Merrill, IA -- 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.

Merrill, IA Short Sale Listings


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