House Prices

House Prices & Home Values Merrill, MI 2026


Average Data

average house price$128,088
average size per house1692 ft²
average price per ft²76 $ / ft²

04/04/2026 - The value range (VR) for house prices in Merrill, MI is $81/ sqft to $81/ sqft. An average home with 1692 sqft costs approximately $137,052 to $137,052. Merrill, MI includes 1 ZIP codes and it is located in Saginaw county. The lowest prices are found in ZIP 48637, while the highest are in ZIP 48637. The average price per sqare feet is $76. Our analysis is based on 8 property listings.

Avergage prices by ZIP codes Merrill

4863779 $ / ft²




Historical development of home values in Merrill

Year Estimated value (USD) Change vs. 2025
2010 $59,486 -53.6%
2011 $57,186 -55.4%
2012 $57,032 -55.5%
2013 $59,164 -53.8%
2014 $62,106 -51.5%
2015 $65,293 -49.0%
2016 $68,701 -46.4%
2017 $72,409 -43.5%
2018 $76,412 -40.3%
2019 $79,955 -37.6%
2020 $84,088 -34.4%
2021 $95,641 -25.3%
2022 $111,496 -13.0%
2023 $117,578 -8.2%
2024 $124,380 -2.9%
2025 $128,088 0.0%

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



Example: 100% financing house in Merrill

Loan amount: $128,088

Interest rate: 6.00%

Fixed monthly payment: $767.95

Breakdown in the 1st month:
Interest portion: $640.44  –  Principal portion: $127.51

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,642.49 $1,572.94 $126,515.06
2 $7,545.48 $1,669.95 $124,845.11
3 $7,442.48 $1,772.95 $123,072.16
4 $7,333.13 $1,882.30 $121,189.86
5 $7,217.03 $1,998.40 $119,191.46
6 $7,093.77 $2,121.65 $117,069.81
7 $6,962.91 $2,252.51 $114,817.30
8 $6,823.98 $2,391.44 $112,425.85
9 $6,676.48 $2,538.94 $109,886.91
10 $6,519.89 $2,695.54 $107,191.37
11 $6,353.63 $2,861.79 $104,329.58
12 $6,177.12 $3,038.30 $101,291.27
13 $5,989.73 $3,225.70 $98,065.58
14 $5,790.77 $3,424.65 $94,640.92
15 $5,579.55 $3,635.88 $91,005.04
16 $5,355.30 $3,860.13 $87,144.91
17 $5,117.21 $4,098.22 $83,046.70
18 $4,864.44 $4,350.98 $78,695.71
19 $4,596.08 $4,619.34 $74,076.37
20 $4,311.17 $4,904.25 $69,172.11
21 $4,008.69 $5,206.74 $63,965.37
22 $3,687.55 $5,527.88 $58,437.50
23 $3,346.60 $5,868.83 $52,568.67
24 $2,984.62 $6,230.80 $46,337.87
25 $2,600.32 $6,615.10 $39,722.76
26 $2,192.32 $7,023.11 $32,699.65
27 $1,759.15 $7,456.28 $25,243.37
28 $1,299.26 $7,916.17 $17,327.20
29 $811.01 $8,404.42 $8,922.79
30 $292.64 $8,922.79 $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 Merrill, MI


1500 sqft3900 sqft
Ø selling price$137,941$293,436
Ø fast selling$125,401$264,093
Ø high price sale$150,480$322,780

In 2026, houses in Merrill, MI will be offered at an average price of $76 per square foot. A 1,500 sqft home priced at $137,941 is 22.24% more expensive per square foot than a 3,900 sqft home priced at $293,436. Home prices in Merrill, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $203,149. Sellers who can wait longer may achieve a higher price of up to $248,293.


Discover Merrill, MI

Merrill, MI is a welcoming village in Saginaw County known for its small-town charm and Mid-Michigan convenience.
Set amid fertile farmland, Merrill, Michigan offers easy access to the Great Lakes Bay Region and regional highways for commuters and visitors.

Location and Community

The community sits within Jonesfield Township, blending a peaceful residential core with nearby agricultural and light-industrial employers.
Families appreciate local parks, access to area schools, and a close-knit atmosphere that makes newcomers feel at home.

Things to Do

Popular things to do in Merrill include catching youth sports at village fields, exploring nearby rail-trails and fishing spots, and attending seasonal festivals that celebrate community spirit.
Day trips to Saginaw, Midland, and Bay City deliver museums, shopping, and dining, while Merrill?s quiet streets offer a relaxing home base.

Economy and Living

Housing in Merrill, MI ranges from classic village homes to rural properties, giving buyers and renters options close to work and outdoor recreation.
Local businesses support daily needs?from diners and services to farm supply?while larger retail hubs are a short drive away.

Plan Your Visit

For trip planning, note landmarks like the village center, community park, and nearby state game areas, plus the ZIP code 48637 for navigation and mailing.
Whether you?re exploring real estate, launching a small business, or searching for friendly Mid-Michigan living, Merrill, Michigan delivers a welcoming base with room to grow.



FAQ – Home Values in Merrill

What is the median home value in Merrill in 2026?

In 2026, the typical home value in Merrill is about $128,088 for an average home size of 1692 square feet. This corresponds to an average price of roughly $76 per square foot.

What is the average cost per square foot in Merrill?

In 2026, homes in Merrill sell for an average of around $76 per square foot, with a typical range between $81 and $81 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 Merrill is about 1692 square feet, with an estimated 2026 value around $128,088.



Locations close to Merrill, MI

Saginaw, MI90 $ / ft²
Midland, MI118 $ / ft²
Mio, MI66 $ / ft²
Luzerne, MI179 $ / ft²
Lupton, MI138 $ / ft²
Linwood, MI136 $ / ft²
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