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Merrimac, VA Real Estate


According to census data in the year 2000 there were 952 housing units in Merrimac. This represents a 11% growth from 858 in 1990.

Of those housing units, 920 were located in either urbanized areas or urban clusters, and 32 were located in what is classified as a rural area.

Homeownership rate in Merrimac is about 41%. Merrimac's vacancy rate, including seasonal lodging, is about 7.1%. Average household size is 1.9 people.

The majority of houses, apartments or condos in Merrimac were built after 1982.

Statistics

Housing Size

Housing Units by Size
Studio Type12.50%
One Bedroom28.80%
Two Bedrooms30.60%
Three Bedrooms21%
Four Bedrooms6.20%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1986
Median Value of occupied units$86,700

Rented Homes, Apartments and Condos

Average Household Size1.56
Median year structure was built1979
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage40.50%
Debt Free59.50%
As % of Housing Units
   
Median part of Monthly Household Income dedicated to covering home ownership costs11.9%