Merrill, MI Foreclosures
How much do homes sell for in Merrill, MI?
The average home price is currently $219,380.
What’s the average rental cost in Merrill, MI?
The average rental price in Merrill is $1,410.
What is the most expensive home in Merrill?
The most expensive home sold in Merrill had a price of $1,321,815.
What is currently the cheapest priced home in Merrill, MI?
The cheapest home for sale in Merrill is priced at $18,835.
Living in Merrill, MI
Merrill, MI is a quaint small town that offers a welcoming atmosphere and a close-knit community. With its scenic landscapes and affordable living, it is ideal for families and those seeking a quieter lifestyle. Local amenities and outdoor activities enhance the quality of life in this charming Michigan town.
Current Market Conditions in Merrill, MI
The real estate market in Merrill, MI is relatively stable, with a mix of affordable homes and properties on the rise as more people look for quieter lifestyles away from bustling cities. The demand for homes in this area has been increasing, particularly among families and retirees seeking close-knit communities and affordable real estate options.
Over the past few years, property values in Merrill have shown a steady increase, reflecting the town's growing appeal. The market is competitive, but still presents opportunities for first-time buyers and investors. As the trend continues, applications for new builds and renovations are expected to rise, indicating a promising market ahead.
Home Value Estimator For Merrill, MI
There are currently 1,338 real estate properties
in Merrill, MI,
with a median automated valuation model (AVM) price
of $184,195.00. 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, MI, 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, MI,
is $219,380.00, with the most expensive house
in Merrill, MI, topping out
at $1,321,815.00 and the cheapest home
in Merrill, MI,
clocking in at $18,835.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Merrill, MI!
Rent Prices
In Merrill, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Merrill, MI, is on
a rollercoaster ride. The
average rent price in Merrill, MI,
is $1,410.00. Indeed, when looking to rent in
Merrill, MI, you can expect to pay as little
as $770.00 or as much
as $2,450.00,
with the average rent median estimated to
be $1,410.00. The good news is that finding
an affordable and desirable property to rent in Merrill, MI
-- 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
