Real Estate Market Report for
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

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

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.

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
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?