House Prices

Merrimac Greenwood, IN House Prices & Home Values 2026


Average Data

average house price$306,947
average size per house2736 ft²
average price per ft²122 $ / ft²

06/10/2026 - The value range (VR) for house prices in Merrimac Greenwood, IN is $115.9/ sqft to $128.1/ sqft. An average home with 2736 sqft costs approximately $343,740 to $379,923. Greenwood, IN includes 1 ZIP codes and it is located in Johnson county. The lowest prices are found in ZIP 46143, while the highest are in ZIP 46143. The average price per sqare feet is $122. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Merrimac Greenwood

46143121 $ / ft²




Historical development of home values in Merrimac Greenwood

Year Estimated value (USD) Change vs. 2025
2010 $142,552 -53.6%
2011 $137,039 -55.4%
2012 $136,670 -55.5%
2013 $141,779 -53.8%
2014 $148,829 -51.5%
2015 $156,467 -49.0%
2016 $164,632 -46.4%
2017 $173,518 -43.5%
2018 $183,111 -40.3%
2019 $191,602 -37.6%
2020 $201,507 -34.4%
2021 $229,192 -25.3%
2022 $267,187 -13.0%
2023 $281,761 -8.2%
2024 $298,061 -2.9%
2025 $306,947 0.0%

Graph: estimated home values in Merrimac Greenwood over time (USD)



Example: 100% financing house in Merrimac Greenwood

Loan amount: $306,947

Interest rate: 6.50%

Fixed monthly payment: $1,940.92

Breakdown in the 1st month:
Interest portion: $1,663.65  –  Principal portion: $277.27

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,862.83 $3,428.22 $303,518.78
2 $19,633.09 $3,657.96 $299,860.82
3 $19,387.96 $3,903.10 $295,957.72
4 $19,126.40 $4,164.66 $291,793.06
5 $18,847.30 $4,443.75 $287,349.30
6 $18,549.51 $4,741.55 $282,607.76
7 $18,231.76 $5,059.30 $277,548.46
8 $17,892.71 $5,398.34 $272,150.11
9 $17,530.95 $5,760.11 $266,390.00
10 $17,144.94 $6,146.12 $260,243.88
11 $16,733.06 $6,558.00 $253,685.88
12 $16,293.58 $6,997.48 $246,688.40
13 $15,824.65 $7,466.41 $239,221.99
14 $15,324.29 $7,966.77 $231,255.23
15 $14,790.40 $8,500.65 $222,754.57
16 $14,220.74 $9,070.32 $213,684.26
17 $13,612.90 $9,678.16 $204,006.10
18 $12,964.32 $10,326.73 $193,679.36
19 $12,272.28 $11,018.77 $182,660.59
20 $11,533.87 $11,757.19 $170,903.40
21 $10,745.97 $12,545.09 $158,358.31
22 $9,905.27 $13,385.79 $144,972.52
23 $9,008.23 $14,282.83 $130,689.69
24 $8,051.07 $15,239.98 $115,449.71
25 $7,029.78 $16,261.28 $99,188.43
26 $5,940.04 $17,351.02 $81,837.41
27 $4,777.27 $18,513.78 $63,323.63
28 $3,536.58 $19,754.47 $43,569.16
29 $2,212.75 $21,078.30 $22,490.85
30 $800.20 $22,490.85 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Merrimac Greenwood, IN


1500 sqft3900 sqft
Ø selling price$240,031$510,610
Ø fast selling$218,210$459,549
Ø high price sale$261,852$561,671

In 2026, houses in Merrimac Greenwood, IN will be offered at an average price of $122 per square foot. A 1,500 sqft home priced at $240,031 is 24.93% more expensive per square foot than a 3,900 sqft home priced at $510,610. Home prices in Merrimac Greenwood, IN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $353,499. Sellers who can wait longer may achieve a higher price of up to $432,055.


Merrimac Neighborhood Guide in Greenwood, IN

Location & Convenience

Merrimac is a welcoming residential neighborhood in Greenwood, Indiana that blends suburban comfort with easy access to everyday essentials. Positioned near major Greenwood corridors in the Center Grove area, the community offers quick connections to shopping, dining, healthcare, and commuter routes.


Neighborhood Character

The neighborhood features well-kept streets, mature landscaping, and a cohesive look that appeals to homebuyers searching for Merrimac Greenwood IN homes for sale. Residents appreciate sidewalks for evening strolls, neighborhood green spaces, and a friendly atmosphere that supports community connections.


Parks & Schools

Outdoor recreation is close at hand, with area parks, fitness options, and golf courses just a short drive from most homes. Families value the proximity to respected local schools and youth activities that make daily routines smooth and convenient.


Homes & Real Estate

Housing in the Merrimac neighborhood typically includes single-family homes with practical floor plans, versatile living areas, and attached garages. Many properties sit on manageable lots, offering room to play or garden while keeping maintenance simple for busy lifestyles. The Greenwood real estate market is active, so buyers benefit from getting pre-approved and partnering with a local agent who knows Merrimac market trends. Whether you are upsizing, downsizing, or relocating to Greenwood, Merrimac delivers a balanced mix of location, value, and community appeal.



FAQ – Home Values in Merrimac Greenwood

What is the median home value in Merrimac Greenwood in 2026?

In 2026, the typical home value in Merrimac Greenwood is about $306,947 for an average home size of 2736 square feet. This corresponds to an average price of roughly $122 per square foot.

What is the average cost per square foot in Merrimac Greenwood?

In 2026, homes in Merrimac Greenwood sell for an average of around $122 per square foot, with a typical range between $115.9 and $128.1 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Merrimac?

The average home size in Merrimac Greenwood is about 2736 square feet, with an estimated 2026 value around $306,947.



Neighborhoods close to Merrimac Greenwood, IN

Lamb Lake Trafalgar, IN115 $ / ft²
Bridgeport Indianapolis, IN108 $ / ft²
Shorewood Forest Valparaiso, IN154 $ / ft²
South Harbour Noblesville, IN163 $ / ft²
Village of WestClay Carmel, IN170 $ / ft²
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