Real Estate Investing in Merrill, Iowa

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1 ZIP codes • Population: 1,512 • Plymouth County

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Should you buy in Merrill, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (72/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Merrill, IA?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $291,657
Avg Monthly Rent $936
ZIP Codes 1

Investing in Merrill Real Estate

Merrill in Iowa is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Merrill is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

The $936/mo / $292K relationship in Merrill looks muted once vacancy and capex are incorporated into underwriting. leans the realized yield tends to disappoint.

A an established population with $N/AK household income profile is what makes Merrill a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Merrill, IA. Anonymous, moderated, never written by AI.

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Avg Home Value
$291,657
Avg Monthly Rent
$936
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Merrill, IA

Screen every ZIP in Merrill

Filter Merrill’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Merrill, IA

What investment strategy works best in Merrill, IA?

Most investors in Merrill, IA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

How much is rent in Merrill, IA?

Merrill, IA rentals go for roughly $936/mo a month. That puts gross yield in solid territory relative to $292K acquisition costs.

Should investors worry about vacancy in Merrill, IA?

Merrill, IA sees elevated vacancy, which is reasonable relative to the broader IA rental market.

What are home prices like in Merrill, IA?

Median home price in Merrill, IA is near $292K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.

Is Merrill, IA suited for a house hack?

The a challenging house-hack environment in Merrill, IA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

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