Merrifield, VA Real Estate
According to census data in the year 2000 there were 4,537 housing units in Merrifield.
This represents a 23.3% growth from 3,679 in 1990.
Of those housing units, 4,537 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Merrifield is about 50.5%.
Merrifield's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Merrifield were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 18% |
| Two Bedrooms | 22.30% |
| Three Bedrooms | 36.50% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $193,100 |
| Median Price asked for vacant units | $197,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $1,299 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 14.90% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 68.60% |
| Debt Free | 10.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
