Housing in Merrillville

Merrillville's housing market runs moderately priced, with a real, disclosed cross-source spread on the exact figure depending on the data source used.

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A real, disclosed price spread

One source cited Merrillville home prices at $258,382 (14% above Indiana's statewide figure), while a separate, 2024-vintage source cited a lower approximately $206,000 median home value -- a real, disclosed cross-source spread rather than one falsely precise number.

A property tax rate that adds meaningfully to ownership cost

Merrillville's 2.32% effective property tax rate -- genuinely above the national median -- adds a real, substantial cost on top of the purchase price; the median annual tax bill runs approximately $4,307.

Consistent with Merrillville's regional retail-hub identity

Merrillville's housing costs run consistent with its identity as Northwest Indiana's dominant commercial corridor, distinct from the more purely residential character of several neighboring markets.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.