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Merrillville

Learn about the people, housing, costs and businesses in Merrillville, Indiana

Median Home$213,647
Median Rent$1,224/month
Population36,530
Leading IndustriesFinance & Insurance · Information & Media · Public Administration8% finance & insurance
Home Value Growth+8.7% over 2 years
Retirees22% of residentsnear the national average
Homeowners70% of occupied units
NotableAmenity Score78/100 · highly walkable area
Merrillville
IN

Frequently Asked Questions

What are today's mortgage rates in Merrillville?

As of today, the 30-year fixed mortgage rate for Merrillville is approximately 6.959% (7.000% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Merrillville?

The median home value in Merrillville is $214k. The median monthly rent is $1,224. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Merrillville?

Home values in Merrillville have increased 8.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Merrillville?

Based on a typical all-in ownership cost of $1,239/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Merrillville is $67k/year.

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What industries drive the economy in Merrillville?

The largest employment sectors in Merrillville are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.