Merrimac, WI—53561
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Merrimac, WI
As of Oct '25, the median home price in Merrimac, WI is $479,000, with a year-over-year change of 3.1%. This indicates that home prices in Merrimac, WI 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 | $479,000 | 3.2% |
| Single Family | $494,000 | 2.1% |
| Condos | $343,000 | -1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $510,000 | 2.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Merrimac, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Merrimac, WI is 143. This is a increase of 60.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $871,000 | 63.0% |
Listing Count | 14 | 5.0% |
| Listings as % of Homes | 0.9% | 5.0% |
Days on Market | 143 | 60.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,950 | 8.6% |
% Under 18 | 22.3% | 32.0% |
% Seniors | 23.9% | -4.8% |
% WFH | 9.7% | 19.8% |
% w/ College Degree | 36.9% | 31.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | $360 | $850 | $1,210 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Merrimac, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $479,000 |
| Median Household Income | $95,700 |