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Rent To Own Homes in Merrillville, IN

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Merrillville, IN Foreclosures

How much do homes sell for in Merrillville, IN?
The average home price is currently $249,067.
In Merrillville, IN, how many homes are available?
There are currently 80 active home listings available in Merrillville.
What’s the average rental cost in Merrillville, IN?
The average rental price in Merrillville is $1,285.
What is the most expensive home in Merrillville?
The most expensive home sold in Merrillville had a price of $2,850,153.
What is currently the cheapest priced home in Merrillville, IN?
The cheapest home for sale in Merrillville is priced at $29,300.

Living in Merrillville, IN

Merrillville, Indiana, is a thriving suburb with a diverse community and a blend of small-town charm and urban conveniences. It features a variety of restaurants, shopping centers, and recreational parks. The community is ideal for families and professionals seeking access to a range of amenities and a vibrant lifestyle.

Current Market Conditions in Merrillville, IN

The real estate market in Merrillville is currently experiencing steady growth, driven by demand for single-family homes and an increase in new construction projects. With an average home price rising to approximately $220,000, the area remains attractive to first-time buyers and investors alike.

Inventory levels have improved slightly over the past few months, easing competition among buyers. Homes are typically selling within 30 to 45 days, indicating a balanced market that favors sellers but is still accessible to buyers. Investors and homeowners are encouraged to explore the various neighborhoods that Merrillville offers.

Home Value Estimator For Merrillville, IN

There are currently 10,931 real estate properties in Merrillville, IN, with a median automated valuation model (AVM) price of $241,534.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Merrillville, 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 Merrillville, IN, is $249,067.00, with the most expensive house in Merrillville, IN, topping out at $2,850,153.00 and the cheapest home in Merrillville, IN, clocking in at $29,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Merrillville, IN!

Rent Prices In Merrillville, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrillville, IN, is on a rollercoaster ride. The average rent price in Merrillville, IN, is $1,285.00. Indeed, when looking to rent in Merrillville, IN, you can expect to pay as little as $760.00 or as much as $2,500.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Merrillville, 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.

Merrillville, IN Rent To Own Homes


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