Housing in Merrillville, IN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$300,000
Median List Price
$287,500
Price Per Sq Ft
$147
Days on Market
89
Active Inventory
80
Months of Supply
5.3
Balanced market
Zillow Home Value
$233,252
ZHVI — January 2026
Zillow Rent Index
$1,504
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
6.7%
Off Market in 2 Weeks
30.3%
Sale-to-List Ratio
97.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
15
New Listings
37
Pending Sales
33
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$147
Median List $/SF
$146
Merrillville vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Merrillville is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$194,000
Median Rent
$1,304
Total Housing Units
16,255
Vacancy Rate
5.1%
Owner Occupied
68.5%
Renter Occupied
31.5%
Median Property Tax
$1,753
per year
Monthly Cost (w/ Mortgage)
$1,120
Housing Types
The current median sale price in Merrillville, IN is $300,000 according to Redfin data. Homes spend a median of 89 days on the market. 6.7% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $147. Zillow's observed rent index is $1,504/month. About 68.5% of housing units are owner-occupied. The median year homes were built is 1978. There are 16,255 total housing units.