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  1. Home
  2. /Browse ZIP Codes
  3. /Wisconsin
  4. /Merrimac, WI - 53561

Merrimac, WI—53561

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$506,000
1.6% YoY Growth
Household Income
$95,700
22.1% YoY Growth
Days on Market
27
4.0% Shorter YoY
Home Price Forecast
1.8%
Median Rent
$850
19.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$850
6.9% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Merrimac, WI

As of May '26, the median home price in Merrimac, WI is $506,000, with a year-over-year change of 1.6%. This indicates that home prices in Merrimac, WI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$506,0001.6%
Single Family $516,0001.6%
Condos $399,0002.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$539,0002.1%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    3.5%
    2 Bedrooms
    28.1%
    3 Bedrooms
    46.0%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    5.3%

    Rental Trends — Merrimac, WI

    As of July '25, Rentcast reports the average rent in Merrimac, WI is $850, with a year-over-year rent change of -19.0%. Per bedroom, the median rent as of July '25 in Merrimac, WI is 2-bedrooms: $850. The most common rental property sizes in Merrimac, WI are 2-bedroom and 4-bedroom, accounting for 57.7% and 14.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$850$850
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $850$850
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    10.3%
    2 Bedrooms
    57.7%
    3 Bedrooms
    9.0%
    4 Bedrooms
    14.1%
    5+ Bedrooms
    9.0%

    Property Listings — Merrimac, WI

    As of May '26, Realtor.com reports that the median days on market for a home in Merrimac, WI is 27. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$600,0005.0%
    Listing Count
    		19-5.0%
    Listings as % of Homes0.9%-5.0%
    Days on Market
    		27-4.0%
    Loading chart...

    Demographics — Merrimac, WI

    As of the latest ACS Survey released in 2023, Merrimac, WI has a population of 1,950, which has increased by 8.6% over the past 5 years. Merrimac, WI is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		1,9508.6%
    % Under 18
    		22.3%32.0%
    % Seniors
    		23.9%-4.8%
    % WFH
    		9.7%19.8%
    % w/ College Degree
    		36.9%31.3%
    Loading chart...

    As of the latest ACS Survey released in 2023, Merrimac, WI is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Merrimac, WI is hispanic, making up 3.6% of the population. Foreign-born residents account for 0.8% of the population in Merrimac, WI, and this percentage has decreased by 66.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.1%-3.9%
    % Black
    		1.8%200.0%
    % Hispanic
    		3.6%24.1%
    % Asian
    		0.1%0.0%
    % Foreign Born
    		0.8%-66.7%
    Loading chart...

    Mortgage and Risk — Merrimac, WI

    According to HUD data as of 2023, there were 83 mortgage originations in Merrimac, WI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Merrimac, WI. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		83
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Merrimac, WI

    Merrimac, WI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,010
    2 Bedroom$360$850$1,210
    3 BedroomN/AN/A$1,580
    4 BedroomN/AN/A$1,690

    Affordability — Merrimac, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$506,000
    Median Household Income$95,700

    Merrimac, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    53555

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    53913

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    Dane, WI

    53529

    Roxbury, WI

    53583

    Frequently Asked Questions