Housing in Merrill, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$256,381
Merrill vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Merrill is highlighted.
Median Home Value
43rd%ilemost expensive$157,200show rank
Median Rent
6th%ilemost expensive rent$581show rank
Rent Burden
2nd%ilehighest rent burden8.8%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$157,200
Median Rent
$581
Total Housing Units
382
Vacancy Rate
10.2%
Owner Occupied
81.9%
Renter Occupied
18.1%
Median Property Tax
$1,419
per year
Monthly Cost (w/ Mortgage)
$1,082
Housing Types
Single Family86.1%
Multi-Family8.9%
Mobile Home5.0%
The median home value in Merrill, IA is $157,200. According to Zillow, the home value index for Merrill is $256,381. The median rent is $581 per month (Census ACS). About 81.9% of housing units are owner-occupied. The median year homes were built is 1956. There are 382 total housing units.