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Merrydale

Learn about the people, housing, costs and businesses in Merrydale, Louisiana

Median Home$140,973
Median Rent$1,212/month
Population9,418
Leading IndustriesPublic Administration · Education · Arts, Food & Hospitality27% public administration
Home Value Growth-7.0% over 2 years
Young Adults34% of residentswell above average
Homeowners72% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Merrydale
LA

Frequently Asked Questions

What are today's mortgage rates in Merrydale?

As of today, the 30-year fixed mortgage rate for Merrydale is approximately 6.843% (6.877% 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 Merrydale?

The median home value in Merrydale is $141k. The median monthly rent is $1,212. Annual property taxes average $322. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Merrydale?

Home values in Merrydale have decreased 7.0% over the past two years. Buyers may find more negotiating room in this market. 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 Merrydale?

Based on a typical all-in ownership cost of $956/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Merrydale is $43k/year.

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What industries drive the economy in Merrydale?

The largest employment sectors in Merrydale are public administration (27%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.