Merrick, NY Real Estate
According to census data in the year 2000 there were 7,602 housing units in Merrick.
This represents a 0.4% decline from 7,634 in 1990.
Of those housing units, 7,602 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Merrick is about 94.6%.
Merrick's vacancy rate, including seasonal lodging, is about 1%.
Average household size is 3.02 people.
The majority of houses, apartments or condos in Merrick were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 1.50% |
| Two Bedrooms | 8.50% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 42% |
| Five Bedrooms or more | 10.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.07 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $287,800 |
| Median Price asked for vacant units | $333,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $1,625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 10% |
| Simple Mortgage | 55.40% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.4% |
