Merrimac, VA Real Estate
According to census data in the year 2000 there were 952 housing units in Merrimac.
This represents a 11% growth from 858 in 1990.
Of those housing units, 920 were located in either urbanized areas or urban clusters, and 32 were located in what is classified as a rural area.
Homeownership rate in Merrimac is about 41%.
Merrimac's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 1.9 people.
The majority of houses, apartments or condos in Merrimac were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 12.50% |
| One Bedroom | 28.80% |
| Two Bedrooms | 30.60% |
| Three Bedrooms | 21% |
| Four Bedrooms | 6.20% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $86,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.56 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 40.50% |
| Debt Free | 59.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.9% |
