Merrillville, IN Real Estate
According to census data in the year 2000 there were 12,391 housing units in Merrillville.
This represents a 20% growth from 10,322 in 1990.
Of those housing units, 11,637 were located in either urbanized areas or urban clusters, and 754 were located in what is classified as a rural area.
Homeownership rate in Merrillville is about 70.8%.
Merrillville's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Merrillville were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 10.30% |
| Two Bedrooms | 27% |
| Three Bedrooms | 47.30% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $101,300 |
| Median Price asked for vacant units | $90,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $757 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 9.10% |
| Home Equity Loan | 7% |
| Simple Mortgage | 56.50% |
| Debt Free | 26.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
