Merrick, NY—11566
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merrick, NY
As of Oct '25, the median home price in Merrick, NY is $852,000, with a year-over-year change of 3.3%. This indicates that home prices in Merrick, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $852,000 | 3.3% |
| Single Family | $854,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $663,000 | 3.3% |
3 Bed | $788,000 | 2.3% |
4 Bed | $941,000 | 2.7% |
| 5 Bed | $1,066,000 | 2.3% |
% of Housing Stock
Rental Trends — Merrick, NY
As of July '25, Rentcast reports the average rent in Merrick, NY is $4,230, with a year-over-year rent change of 10.7%. Per bedroom, the median rent as of July '25 in Merrick, NY is 2-bedrooms: $3,130, 3-bedrooms: $4,320, 4-bedrooms: $5,750. The most common rental property sizes in Merrick, NY are 4-bedroom and 3-bedroom, accounting for 35.2% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $4,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,950 | $3,130 |
| 3 Bed Rent | $4,000 | $4,320 |
| 4 Bed Rent | $5,750 | $5,750 |
% of Rental Stock
Property Listings — Merrick, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Merrick, NY is 52. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $989,000 | 3.0% |
Listing Count | 91 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 52 | 36.0% |
Demographics — Merrick, NY
As of the latest ACS Survey released in 2023, Merrick, NY has a population of 35,200, which has increased by 5.3% over the past 5 years. Merrick, NY is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 57.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | 5.3% |
% Under 18 | 23.2% | -0.4% |
% Seniors | 18.2% | 17.4% |
% WFH | 18.1% | 302.2% |
% w/ College Degree | 57.7% | 0.2% |
As of the latest ACS Survey released in 2023, Merrick, NY is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Merrick, NY is hispanic, making up 12.1% of the population. Foreign-born residents account for 9.5% of the population in Merrick, NY, and this percentage has decreased by 11.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.3% | -6.8% |
% Black | 2.6% | -16.1% |
% Hispanic | 12.1% | 75.4% |
% Asian | 3.6% | -2.7% |
% Foreign Born | 9.5% | -11.2% |
Mortgage and Risk — Merrick, NY
According to HUD data as of 2023, there were 482 mortgage originations in Merrick, NY, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Merrick, NY. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 482 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Merrick, NY
Merrick, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,650 |
| 2 Bedroom | $110 | $2,950 | $3,060 |
| 3 Bedroom | -$30 | $4,000 | $3,970 |
| 4 Bedroom | -$1,500 | $5,750 | $4,250 |
Affordability — Merrick, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $852,000 |
| Median Household Income | $170,000 |