House Prices

House Prices & Home Values Merrillville, IN 2026


Average Data

average house price$198,476
average size per house1846 ft²
average price per ft²108 $ / ft²

04/15/2026 - The value range (VR) for house prices in Merrillville, IN is $96/ sqft to $96/ sqft. An average home with 1846 sqft costs approximately $177,216 to $177,216. Merrillville, IN includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 46410, while the highest are in ZIP 46410. The average price per sqare feet is $108. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Merrillville

46410101 $ / ft²




Historical development of home values in Merrillville

Year Estimated value (USD) Change vs. 2025
2010 $92,176 -53.6%
2011 $88,611 -55.4%
2012 $88,373 -55.5%
2013 $91,676 -53.8%
2014 $96,234 -51.5%
2015 $101,174 -49.0%
2016 $106,454 -46.4%
2017 $112,199 -43.5%
2018 $118,402 -40.3%
2019 $123,892 -37.6%
2020 $130,297 -34.4%
2021 $148,199 -25.3%
2022 $172,767 -13.0%
2023 $182,190 -8.2%
2024 $192,730 -2.9%
2025 $198,476 0.0%

Graph: estimated home values in Merrillville over time (USD)



Example: 100% financing house in Merrillville

Loan amount: $198,476

Interest rate: 6.00%

Fixed monthly payment: $1,189.96

Breakdown in the 1st month:
Interest portion: $992.38  –  Principal portion: $197.58

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,842.26 $2,437.31 $196,038.69
2 $11,691.93 $2,587.64 $193,451.06
3 $11,532.33 $2,747.24 $190,703.82
4 $11,362.89 $2,916.68 $187,787.14
5 $11,182.99 $3,096.57 $184,690.57
6 $10,992.00 $3,287.56 $181,403.00
7 $10,789.23 $3,490.33 $177,912.67
8 $10,573.96 $3,705.61 $174,207.06
9 $10,345.40 $3,934.16 $170,272.89
10 $10,102.75 $4,176.81 $166,096.08
11 $9,845.14 $4,434.43 $161,661.65
12 $9,571.63 $4,707.94 $156,953.71
13 $9,281.25 $4,998.31 $151,955.40
14 $8,972.97 $5,306.60 $146,648.80
15 $8,645.67 $5,633.90 $141,014.90
16 $8,298.18 $5,981.38 $135,033.52
17 $7,929.27 $6,350.30 $128,683.22
18 $7,537.59 $6,741.97 $121,941.25
19 $7,121.76 $7,157.80 $114,783.44
20 $6,680.28 $7,599.28 $107,184.16
21 $6,211.58 $8,067.99 $99,116.17
22 $5,713.96 $8,565.61 $90,550.56
23 $5,185.65 $9,093.91 $81,456.65
24 $4,624.76 $9,654.81 $71,801.84
25 $4,029.27 $10,250.29 $61,551.55
26 $3,397.06 $10,882.51 $50,669.04
27 $2,725.85 $11,553.72 $39,115.32
28 $2,013.24 $12,266.33 $26,849.00
29 $1,256.68 $13,022.89 $13,826.11
30 $453.46 $13,826.11 $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 Merrillville, IN


1500 sqft3900 sqft
Ø selling price$196,021$416,989
Ø fast selling$178,200$375,290
Ø high price sale$213,841$458,687

In 2026, houses in Merrillville, IN will be offered at an average price of $108 per square foot. A 1,500 sqft home priced at $196,021 is 24.20% more expensive per square foot than a 3,900 sqft home priced at $416,989. Home prices in Merrillville, IN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $288,684. Sellers who can wait longer may achieve a higher price of up to $352,836.


Discover Merrillville, IN

Location & Lifestyle

Located in Lake County, Merrillville, Indiana sits just south of Gary with fast access to Chicago via I-65 and U.S. 30.
The town blends suburban comfort with urban convenience, offering diverse neighborhoods and a growing small-business scene. Outdoor lovers enjoy Hidden Lake Park, Turkey Creek golf and greenways, and family-friendly community events.

Attractions & Things to Do

Shoppers flock to Southlake Mall and the surrounding retail corridor packed with national brands and local eateries. Popular attractions include Deep River Waterpark just minutes away and the famous Albanese Candy Factory with its factory store. The Dean and Barbara White Community Center hosts fitness programs, youth sports, and year-round cultural activities.

Business & Education

As a regional commercial hub, Merrillville features hospitality, healthcare, and logistics employers clustered along the Route 30 corridor.
Educational and career development opportunities are anchored by Ivy Tech Community College Lake County and proximity to regional universities.

Housing & Travel

Housing ranges from affordable starter homes and townhouses to newer subdivisions, attracting both commuters and long-time Northwest Indiana residents. Travel is simple with access to I-65, the nearby South Shore Line stations, and airports including Chicago Midway, O'Hare, and Gary/Chicago International Airport.



FAQ – Home Values in Merrillville

What is the median home value in Merrillville in 2026?

In 2026, the typical home value in Merrillville is about $198,476 for an average home size of 1846 square feet. This corresponds to an average price of roughly $108 per square foot.

What is the average cost per square foot in Merrillville?

In 2026, homes in Merrillville sell for an average of around $108 per square foot, with a typical range between $96 and $96 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Merrillville is about 1846 square feet, with an estimated 2026 value around $198,476.



Locations close to Merrillville, IN

Argos, IN107 $ / ft²
Atwood, IN113 $ / ft²
Bourbon, IN91 $ / ft²
Lake Station, IN87 $ / ft²
Gary, IN19 $ / ft²
Whiting, IN83 $ / ft²
  imprint  Privacy