Merrill, WI Real Estate
According to census data in the year 2000 there were 4,398 housing units in Merrill.
This represents a 8.7% growth from 4,045 in 1990.
Of those housing units, 4,245 were located in either urbanized areas or urban clusters, and 153 were located in what is classified as a rural area.
Homeownership rate in Merrill is about 65.4%.
Merrill's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Merrill were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 15.10% |
| Two Bedrooms | 29% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 12.20% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $76,100 |
| Median Price asked for vacant units | $96,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $338 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.80% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 38.40% |
| Debt Free | 43.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
