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Merritt, BC

Updated: Aug 2016
House
Median price $315,000
Monthly growth 16.79 %
Quarterly trend
Stock on market 1.51%
Apartment
Median price $164,950
Monthly growth 4.06 %
Quarterly trend
Stock on market 0.13%

Merritt Home Price

Want a cheaply priced house? Then at $315,000 this month, Merritt, British Columbia is somewhere that you should look at price wise.

In province, the most common property on the listings this month has 3 bedrooms, in this neighbourhood it’s 3.

When we look at the data we have, it can help with trying to establish whether or not Merritt is a good investment target.

Over the last three months in Merritt, housing stock available seems to be falling – this could mean that homes values might increase faster.

Merritt was Canada’s 784th most expensive suburb by listed median house price this month.

The median house price listed in Merritt this month is $164,950.

2 bedroom properties are the most common available for real estate investors this month in neighbourhood.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Merritt has not many at all compared to the rest of the province

Is Merritt a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

In Merritt, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Find a mortgage broker in Merritt, BC
Beds Median price (House) Median price (Apartment)
2 bedrooms $232,450 $160,000
3 bedrooms $312,450
4 bedrooms $402,000
5 bedrooms $399,900
6 bedrooms $390,000
Demographics
  • Population in 20117113
  • Population in 20066998
  • 2006 to 2011 population change (%)1.6
  • Total private dwellings3115
  • Private dwellings occupied by usual residents2903
  • Population density per square kilometre286.6
  • Land area (square km)24.82

Age Characteristics

Total population by age groups 7110
0 to 4 years 385
5 to 9 years 415
10 to 14 years 425
15 to 19 years 520
15 years 105
16 years 105
17 years 110
18 years 100
19 years 95
20 to 24 years 330
25 to 29 years 340
30 to 34 years 350
35 to 39 years 400
40 to 44 years 485
45 to 49 years 505
50 to 54 years 550
55 to 59 years 530
60 to 64 years 515
65 to 69 years 415
70 to 74 years 350
75 to 79 years 250
80 to 84 years 175
85 years and over 170
Median age of the population 43.9
% of the population aged 15 and over 82.7

Marital Status

Total population 15 years and over by marital status 5880
Married or living with a common-law partner 3335
Married (and not separated) 2655
Living common-law 680
Not married and not living with a common-law partner 2545
Single (never legally married) 1325
Separated 230
Divorced 500
Widowed 480

Family Characteristics

Total number of census families in private households 2035
Size of census family: 2 persons 1160
Size of census family: 3 persons 405
Size of census family: 4 persons 335
Size of census family: 5 or more persons 135
Total number of census families in private households 2035
Total couple families by family structure and number of children 1635
Married couples 1290
Without children at home 750
With children at home 545
1 child 210
2 children 235
3 or more children 100
Common-law couples 340
Without children at home 185
With children at home 155
1 child 80
2 children 50
3 or more children 25
Total lone-parent families by sex of parent and number of children 400
Female parent 305
1 child 170
2 children 90
3 or more children 45
Male parent 90
1 child 60
2 children 25
3 or more children 5
Total children in census families in private households 1915
Under six years of age 460
6 to 14 years 750
15 to 17 years 285
18 to 24 years 280
25 years and over 150
Average number of children at home per census family 0.9

Household And Dwelling Characteristics

Total number of persons in private households 6895
Number of persons not in census families 1315
Living with relatives 210
Living with non-relatives only 295
Living alone 805
Number of census family persons 5585
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 1195
Number of persons not in census families aged 65 years and over 415
Living with relatives 50
Living with non-relatives only 40
Living alone 325
Number of census family persons aged 65 years and over 785
Total number of private households by household type 2900
Census-family households 1970
One-family-only households 1730
Couple-family households 1440
Without children 825
With children 615
Lone-parent-family households 290
Other family households 235
One-family households with persons not in a census family 175
Couple-family households 110
Without children 60
With children 55
Lone-parent-family households 65
Two-or-more-family households 60
Non-census-family households 930
One-person households 800
Two-or-more-person households 130
Total number of occupied private dwellings by structural type of dwelling 2905
Single-detached house 1880
Apartment, building that has five or more storeys 0
Movable dwelling 265
Other dwelling 755
Semi-detached house 230
Row house 215
Apartment, duplex 20
Apartment, building that has fewer than five storeys 285
Other single-attached house 0
Total number of private households by household size 2905
1 person 800
2 persons 1095
3 persons 435
4 persons 360
5 persons 135
6 or more persons 75
Number of persons in private households 6895
Average number of persons in private households 2.4

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