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Merwin

Learn about the people, housing, costs and businesses in Merwin, Missouri

Median Home$203,400
Median Rent$760/month
Population63
Leading IndustriesFinance & Insurance · Information & Media · Professional Services10% finance & insurance
Home Value Growth+3.5% over 2 years
Retirees24% of residentsslightly above average
Homeowners87% of occupied units
Merwin
MO

Frequently Asked Questions

What are today's mortgage rates in Merwin?

As of today, the 30-year fixed mortgage rate for Merwin is approximately 7.054% (7.095% 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 Merwin?

The median home value in Merwin is $203k. The median monthly rent is $760. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Merwin?

Home values in Merwin have increased 3.5% 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 Merwin?

Based on a typical all-in ownership cost of $702/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Merwin is $62k/year.

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What industries drive the economy in Merwin?

The largest employment sectors in Merwin are public administration (26%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.