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Merrillville, IN
Full City Profile · Indiana · Lake County County
3.2
/5.0
B
Good
36,343
Population
1,094/sq mi density
$64,791
Median Income
$35,768 per capita
$194,000
Home Value
$236,982 Zillow
$1,304
Median Rent
32.6% income on rent
50°F
Avg Temperature
275 sunny days/yr
144
Violent Crime/100K
1,670 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$64,791 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$194,000 home value, $1,304/mo rent
F
Safety
1.0 / 5.0
144 violent crimes/100K
B
Education
3.0 / 5.0
25.2% bachelor's degree or higher
Housing Overview
Median Home Value
$194,000
31% below
US avg: $281,900
Median Rent
$1,304/mo
12% above
US avg: $1,163/mo
Homeownership Rate
68.5%
5% above US avg (65.4%)
Total Housing Units
15,986
Median year built: 1978
Home Value by Source
Census Median
$194,000
Zillow (ZHVI)
$236,982
Median Sale Price
$249,900
Median List Price
$262,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.5%
Owner-Occupied
31.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$882/mo
2 Bedroom
$1,096/mo
3 Bedroom
$1,391/mo
4 Bedroom
$1,590/mo
Census median rent:
$1,304/mo
· Zillow rent:
$1,527/mo
Market Indicators (Redfin)
Median Days on Market
62 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
30
Price Drops
35.4%
of listings with price reduction
Price Per Sq Ft
$154
Active Inventory
82
homes for sale
Affordability & Housing Stock
Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
68.5%
Complete Housing Data
Home Values
| Census Median Value | $194,000 |
| Zillow Home Value (ZHVI) | $236,982 |
| Median Sale Price | $249,900 |
| Median List Price | $262,500 |
| Price Per Sq Ft | $154 |
Rent
| Census Median Rent | $1,304 |
| Zillow Rent (ZORI) | $1,527 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $882 |
| FMR 2-Bedroom | $1,096 |
| FMR 3-Bedroom | $1,391 |
| FMR 4-Bedroom | $1,590 |
Market
| Days on Market | 62 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 35.4% |
| Homes Sold | 30 |
| Active Inventory | 82 |
| Price Per Sq Ft | $154 |
Ownership & Stock
| Owner-Occupied | 68.5% |
| Renter-Occupied | 31.5% |
| Homeownership Rate | 68.5% |
| Total Housing Units | 15,986 |
| Median Year Built | 1978 |
| Rent Burden | 32.6% |