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Merrimac, WI Real Estate


According to census data in the year 2000 there were 207 housing units in Merrimac. This represents a 5.5% decline from 219 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 207 were located in what is classified as a rural area.

Homeownership rate in Merrimac is about 74.8%. Merrimac's vacancy rate, including seasonal lodging, is about 23.2%. Average household size is 2.26 people.

The majority of houses, apartments or condos in Merrimac were built after 1948.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.70%
Two Bedrooms36.20%
Three Bedrooms43.50%
Four Bedrooms12.60%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1959
Median Value of occupied units$114,100
Median Price asked for vacant units$162,500

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1942
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan5.50%
Simple Mortgage43.60%
Debt Free47.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.9%