House Prices

House Prices & Home Values Merritt, MI 2026


Average Data

average house price$162,020
average size per house1396 ft²
average price per ft²117 $ / ft²

04/15/2026 - The value range (VR) for house prices in Merritt, MI is $124/ sqft to $124/ sqft. An average home with 1396 sqft costs approximately $173,104 to $173,104. Merritt, MI includes 1 ZIP codes and it is located in Missaukee county. The lowest prices are found in ZIP 49667, while the highest are in ZIP 49667. The average price per sqare feet is $117. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Merritt

49667131 $ / ft²




Historical development of home values in Merritt

Year Estimated value (USD) Change vs. 2025
2010 $75,245 -53.6%
2011 $72,335 -55.4%
2012 $72,141 -55.5%
2013 $74,837 -53.8%
2014 $78,558 -51.5%
2015 $82,590 -49.0%
2016 $86,900 -46.4%
2017 $91,591 -43.5%
2018 $96,654 -40.3%
2019 $101,136 -37.6%
2020 $106,364 -34.4%
2021 $120,978 -25.3%
2022 $141,033 -13.0%
2023 $148,726 -8.2%
2024 $157,330 -2.9%
2025 $162,020 0.0%

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



Example: 100% financing house in Merritt

Loan amount: $162,020

Interest rate: 6.00%

Fixed monthly payment: $971.39

Breakdown in the 1st month:
Interest portion: $810.10  –  Principal portion: $161.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,667.08 $1,989.62 $160,030.38
2 $9,544.36 $2,112.34 $157,918.04
3 $9,414.08 $2,242.62 $155,675.41
4 $9,275.76 $2,380.94 $153,294.47
5 $9,128.90 $2,527.80 $150,766.67
6 $8,973.00 $2,683.71 $148,082.96
7 $8,807.47 $2,849.23 $145,233.73
8 $8,631.74 $3,024.96 $142,208.77
9 $8,445.16 $3,211.54 $138,997.23
10 $8,247.08 $3,409.62 $135,587.61
11 $8,036.78 $3,619.92 $131,967.70
12 $7,813.52 $3,843.18 $128,124.51
13 $7,576.48 $4,080.22 $124,044.29
14 $7,324.82 $4,331.88 $119,712.40
15 $7,057.64 $4,599.06 $115,113.34
16 $6,773.98 $4,882.72 $110,230.61
17 $6,472.82 $5,183.88 $105,046.73
18 $6,153.09 $5,503.61 $99,543.12
19 $5,813.64 $5,843.06 $93,700.06
20 $5,453.25 $6,203.45 $87,496.61
21 $5,070.64 $6,586.06 $80,910.55
22 $4,664.42 $6,992.28 $73,918.27
23 $4,233.15 $7,423.55 $66,494.72
24 $3,775.29 $7,881.41 $58,613.31
25 $3,289.18 $8,367.52 $50,245.78
26 $2,773.09 $8,883.61 $41,362.17
27 $2,225.17 $9,431.54 $31,930.63
28 $1,643.45 $10,013.25 $21,917.38
29 $1,025.85 $10,630.85 $11,286.53
30 $370.17 $11,286.53 $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 Merritt, MI


1500 sqft3900 sqft
Ø selling price$212,356$451,738
Ø fast selling$193,051$406,564
Ø high price sale$231,661$496,911

In 2026, houses in Merritt, MI will be offered at an average price of $117 per square foot. A 1,500 sqft home priced at $212,356 is 24.24% more expensive per square foot than a 3,900 sqft home priced at $451,738. Home prices in Merritt, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $312,741. Sellers who can wait longer may achieve a higher price of up to $382,240.

FAQ – Home Values in Merritt

What is the median home value in Merritt in 2026?

In 2026, the typical home value in Merritt is about $162,020 for an average home size of 1396 square feet. This corresponds to an average price of roughly $117 per square foot.

What is the average cost per square foot in Merritt?

In 2026, homes in Merritt sell for an average of around $117 per square foot, with a typical range between $124 and $124 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 Merritt is about 1396 square feet, with an estimated 2026 value around $162,020.



Locations close to Merritt, MI

Mesick, MI113 $ / ft²
Northport, MI290 $ / ft²
Omena, MI287 $ / ft²
Mayfield, MI101 $ / ft²
Marion, MI84 $ / ft²
Maple City, MI199 $ / ft²
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