Merrillville, IN Investment Properties

10,850 results

Find, analyze, and compare Merrillville, IN investment properties, including off-market opportunities and residential homes with value-add potential. Merrillville offers a diverse housing market with single-family homes, and vacant properties. Investors can explore potential investment opportunities for long-term rentals (LTRs) throughout Indiana. Explore housing market trends in Merrillville, where up-and-coming neighborhoods may offer potential for passive rental income and other investment strategies. Property Intel by Whitepages makes it easy to analyze market trends, uncover off-market properties, compare neighborhood benchmarks, and access owner contact information to help you find the best investment properties in Merrillville, IN for your real estate goals.

In Merrillville, the median property value currently stands at $225,169, reflecting a 2.16% year-over-year increase based on recent sales. The 5-year appreciation forecast estimates values reaching $318,938 (a 0.02% gain). The housing market includes a total of 14,801 houses.The median home in Merrillville has 1,728 square feet of living space, priced at a median of $142 per square foot with a median year built of 1969. For long-term rental properties in Merrillville, the median annual gross rental income is $24,600 (or $2,050/month) with estimated operating expenses of $6,543, resulting in an approximate gross cap rate of 7.86%.

Property Intel by Whitepages helps investors and homeowners explore the Merrillville area by offering market analysis tools, neighborhood benchmarks, owner contact information, and interactive maps. These tools support research into investment properties, including foreclosure data and off-market listings in Merrillville, IN.

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Housing Market Trends & Statistics for Merrillville, Indiana

Median Property Value
$225,169
Total number of Properties
14,801
Median Living Space
1,728 sq ft
Median Year Built
1969 (56 years)
5-Year Appreciation Forecast
$318,938
Median Lot Size
11,326 sq ft
Average Ownership
1 year 2 months
for Merrillville, IN
  • Est. Rental Income
    $24,600 ($2,050 per month)
  • Net Operating Income
    $18,058 ($1,505 per month)
  • Cap Rate
    7.86%

Find Investment Properties in Merrillville

Nearby Cities

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Single Family Home · Built: 1978 · Lot: 10,803 sq ft · 1,848 sq ft
Est. Value:
$248K
Est. Rent:
$2K/month
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Single Family Home · Last Sold: $201K in 2019 · Built: 1965 · Lot: 6,882 sq ft · 2,232 sq ft
Est. Value:
$251K
Est. Rent:
$2.5K/month
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Single Family Home · Built: 1954 · Lot: 20,560 sq ft · 1,176 sq ft
Est. Value:
$211K
Est. Rent:
$1.8K/month
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Single Family Home · Last Sold: $77.1K in 2008 · Built: 1994 · Lot: 1,002 sq ft · 1,152 sq ft
Est. Value:
$110K
Est. Rent:
$1.4K/month
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Single Family Home · Last Sold: $116K in 2018 · Built: 1963 · Lot: 9,583 sq ft · 1,500 sq ft
Est. Value:
$191K
Est. Rent:
$2.1K/month
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Single Family Home · Built: 2002 · Lot: 15,246 sq ft · 2,028 sq ft
Est. Value:
$229K
Est. Rent:
$2.5K/month
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Single Family Home · Last Sold: $185K in 2019 · Built: 1973 · Lot: 11,761 sq ft · 2,066 sq ft
Est. Value:
$204K
Est. Rent:
$2.4K/month
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Single Family Home · Last Sold: $122K in 2016 · Built: 1953 · Lot: 18,644 sq ft · 1,368 sq ft
Est. Value:
$240K
Est. Rent:
$2K/month
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Single Family Home · Last Sold: $232K in 2022 · Built: 1951 · Lot: 13,112 sq ft · 1,248 sq ft
Est. Value:
$196K
Est. Rent:
$1.6K/month
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Single Family Home · Last Sold: $106K in 2022 · Built: 1991 · Lot: 4,269 sq ft · 1,630 sq ft
Est. Value:
$223K
Est. Rent:
$1.9K/month
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Single Family Home · Last Sold: $182K in 2020 · Built: 1951 · Lot: 14,418 sq ft · 1,863 sq ft
Est. Value:
$235K
Est. Rent:
$2.4K/month
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Single Family Home · Last Sold: $190K in 2019 · Built: 2019 · Lot: 6,011 sq ft · 1,550 sq ft
Est. Value:
$252K
Est. Rent:
$1.9K/month
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Single Family Home · Last Sold: $255K in 2021 · Built: 2001 · Lot: 5,140 sq ft · 1,580 sq ft
Est. Value:
$242K
Est. Rent:
$2K/month
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Single Family Home · Built: 1968 · Lot: 10,106 sq ft · 1,458 sq ft
Est. Value:
$292K
Est. Rent:
$1.9K/month
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Single Family Home · Last Sold: $125K in 2014 · Built: 1957 · Lot: 17,511 sq ft · 1,472 sq ft
Est. Value:
$228K
Est. Rent:
$1.9K/month
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Single Family Home · Built: 1965 · Lot: 10,542 sq ft · 1,416 sq ft
Est. Value:
$227K
Est. Rent:
$2.5K/month
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Single Family Home · Last Sold: $177K in 2019 · Built: 1958 · Lot: 10,803 sq ft · 1,960 sq ft
Est. Value:
$255K
Est. Rent:
$2.4K/month
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Single Family Home · Built: 1900 · Lot: 14,418 sq ft · 1,570 sq ft
Est. Value:
$226K
Est. Rent:
$2.1K/month
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Single Family Home · Built: 1947 · Lot: 9,801 sq ft · 992 sq ft
Est. Value:
$182K
Est. Rent:
$1.6K/month
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Single Family Home · Built: 1958 · Lot: 8,407 sq ft · 1,813 sq ft
Est. Value:
$218K
Est. Rent:
$2K/month
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Single Family Home · Last Sold: $133K in 2012 · Built: 1976 · Lot: 7,710 sq ft · 1,704 sq ft
Est. Value:
$231K
Est. Rent:
$2.1K/month
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Single Family Home · Built: 1966 · Lot: 17,816 sq ft · 2,972 sq ft
Est. Value:
$327K
Est. Rent:
$3.1K/month
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Single Family Home · Built: 1979 · Lot: 12,327 sq ft · 2,011 sq ft
Est. Value:
$296K
Est. Rent:
$2.4K/month
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Single Family Home · Last Sold: $76.4K in 2015 · Built: 1957 · Lot: 10,803 sq ft · 1,225 sq ft
Est. Value:
$196K
Est. Rent:
$1.8K/month
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Single Family Home · Last Sold: $169K in 2013 · Built: 2001 · Lot: 17,206 sq ft · 1,942 sq ft
Est. Value:
$230K
Est. Rent:
$2.2K/month
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Single Family Home · Built: 1960 · Lot: 15,682 sq ft · 1,120 sq ft
Est. Value:
$170K
Est. Rent:
$1.6K/month
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Single Family Home · Last Sold: $208K in 2024 · Built: 1962 · Lot: 9,017 sq ft · 1,456 sq ft
Est. Value:
$211K
Est. Rent:
$2.1K/month
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Single Family Home · Last Sold: $98.7K in 2012 · Built: 1960 · Lot: 9,191 sq ft · 2,140 sq ft
Est. Value:
$312K
Est. Rent:
$2.6K/month
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Single Family Home · Built: 1969 · Lot: 8,886 sq ft · 1,530 sq ft
Est. Value:
$205K
Est. Rent:
$2.1K/month
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Single Family Home · Last Sold: $152K in 2005 · Built: 2004 · Lot: 7,100 sq ft · 1,714 sq ft
Est. Value:
$180K
Est. Rent:
$1.9K/month
View More Intel
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