Housing in Merrill, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$124,900

Median List Price

N/A

Price Per Sq Ft

$134

Days on Market

Active Inventory

N/A

Zillow Home Value

$189,359

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↓ 1.7%List Price ↑ 13.6%Apr 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking

0.0%

Under Contract in 2 Wks

0.0%

Market Activity

Source: Redfin

Homes Sold

Pending Sales

Homes Sold ↑ 0.0%New Listings ↓ 75.0%Pending ↓ 50.0%Apr 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$134

Sale $/SF ↑ 67.5%List $/SF ↑ 47.3%Apr 24 → Jan 26

Merrill vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Merrill is highlighted.

Median Home Value

16th%ilemost expensive$89,700show rank

Median Rent

19th%ilemost expensive rent$722show rank

Median Price Per Sq Ft

32nd%ilemost expensive $/sqft$134show rank

Rent Burden

49th%ilehighest rent burden18.4%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$89,700

Median Rent

$722

Total Housing Units

278

Vacancy Rate

7.9%

Owner Occupied

77.0%

Renter Occupied

23.1%

Median Property Tax

$2,342

per year

Monthly Cost (w/ Mortgage)

$850

Housing Types

Single Family

92.1%

Multi-Family

7.2%

Mobile Home

0.7%

The current median sale price in Merrill, MI is $124,900 according to Redfin data. Homes spend a median of 7 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $134. The median rent is $722 per month (Census ACS). About 77.0% of housing units are owner-occupied. The median year homes were built is 1952. There are 278 total housing units.