Merritt MI Multi Family for Sale

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Merritt Real Estate

The median home value in Merritt, MI is $315,000. This is higher than the county median home value of $134,600. The national median home value is $338,100. The average price of homes sold in Merritt, MI is $315,000. Approximately 81.91% of Merritt homes are owned, compared to 9.57% rented, while 8.52% are vacant. Merritt real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Merritt real estate agent to arrange a tour today!

Merritt, Michigan has a population of 1,391. Merritt is more family-centric than the surrounding county with 31.45% of the households containing married families with children. The county average for households married with children is 23.5%.

The median household income in Merritt, Michigan is $70,714. The median household income for the surrounding county is $52,510 compared to the national median of $69,021. The median age of people living in Merritt is 44.6 years.

Merritt Weather

The average high temperature in July is 82.2 degrees, with an average low temperature in January of 14.1 degrees. The average rainfall is approximately 33.2 inches per year, with 41.3 inches of snow per year.

Merritt Real Estate Market Conditions

  • Median sales price

    $315,000
    14.8% change since last quarter
  • # Active listings

    3
    30-day change

Merritt Schools and Demographics

Education near Merritt, MI

Metric City County
High School Graduates 91.74 91.1
College Degree - 2 year 12.59 11.51
College Degree - 4 year 19.76 20.3
Graduate Degree 4.13 4.74
Expenditures per Student 10,933 10,933
Students per Teacher 16 16

Elementary Schools near Merritt, MI

School Grades Students P/T Ratio ZIP
Collins Elementary School PK - 03 369 13.8 48629
FIFE Lake Elementary School KG - 04 197 18.2 49633
Lake City Elementary School KG - 05 508 19 49651
Roscommon Elementary School PK - 05 454 16.7 48653

Middle Schools near Merritt, MI

School Grades Students P/T Ratio ZIP
Forest Area Middle School 05 - 08 166 16.4 49633
Houghton Lake Middle School 04 - 07 381 15.1 48629
Lake City Lower Elementary School KG - 02 260 21 49651
Lake City Middle School 06 - 08 267 16.2 49651
Roscommon Middle School 05 - 08 253 16.4 48653

High Schools near Merritt, MI

School Grades Students P/T Ratio ZIP
Forest Area High School 09 - 12 172 19.9 49633
Houghton Lake High School 08 - 12 595 18.5 48629
Lake City High School 09 - 12 340 20.5 49651
Roscommon High School 09 - 12 390 18.5 48653

Ungraded Schools near Merritt, MI

School Grades Students P/T Ratio ZIP
* Houghton Lake Adult Education 09 - 12 17 2.9 48629
C.O.O.R. Special Educational Center KG - 12 65 10.8 48653
Second Chance Academy 05 - 12 17 17 48653

Demographics near Merritt, MI

Metric City County
Neighborhood Type Small town
Population 1,391 104,050
Population Density 44 235
Median Age 44.6 43.5
People per Household 2.6 2.3
Median Household Income 70,714 52,510
Average Income per Capita 32,238 30,459