Market Overview
Home Prices in Merom, IN
The median home value in Merom, IN is $162,104 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.2% compared to a year ago and up 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Merom are priced60% below average. Merom is part of the Terre Haute, IN metro area.
Over the past five years, Merom home values have risen by approximately24.7%, reflecting strong long-term appreciation in this market.
Price History
Merom Home Price Trend
2020
$112,476
$112K
—
2021
$129,959
$130K
+15.5%
2022
$143,383
$143K
+10.3%
2023
$149,728
$150K
+4.4%
2024
$147,421
$147K
-1.5%
2025
$158,689
$159K
+7.6%
2026
$162,104
$162K
+2.2%
City Comparison
Merom vs. National Median
🏠 Merom
$162,104
National Median
$410,000
At $162,104, homes in Merom cost 60% below the national median of $410,000. This makes Merom a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Merom?
20% Down Payment
$32,421
on $162,104
Monthly P&I
$845/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,073/mo
incl. taxes & insurance
Income Needed
$42,920
gross annual (30% rule)
10% Down Option
$16,210
+ PMI applies
Loan Amount (20% dn)
$129,683
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Merom, IN?
The median home value in Merom is $162,104 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.2% year-over-year.
How much have home prices changed in Merom?
Over the past year, home values in Merom have increased by 2.2%. Over five years, prices have risen approximately 24.7%.
How much do I need to earn to buy a home in Merom?
To comfortably afford the median home price of $162,104 with a 20% down payment ($32,421) at today's rates (6.8%), you'd need a gross annual income of approximately $42,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Merom compare to the national average home price?
The national median home value is approximately $410,000. At $162,104, homes in Merom are 60% below the national average.
What metro area is Merom part of?
Merom is part of the Terre Haute, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.