Merrill, MI Real Estate
According to census data in the year 2000 there were 302 housing units in Merrill.
This represents a 7.9% growth from 280 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 302 were located in what is classified as a rural area.
Homeownership rate in Merrill is about 82%.
Merrill's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Merrill were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.30% |
| Two Bedrooms | 25.80% |
| Three Bedrooms | 50.30% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $64,000 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 48.50% |
| Debt Free | 40.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
