Merrifield CDP Minnesota Area Home Supply Charts

This page looks at a variety of Merrifield CDP Minnesota housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Merrifield CDP depicts it has a Housing Units of 53 which is the second smallest in order of housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the Merrifield CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Merrifield CDP depicts it has a Housing Density of 97.6 which is in the mid point range of other places in the greater region. The place with the highest housing density in the area is Brainerd which depicts a density of 550.3 ( substantially bigger). Comparing housing density to the United States average of 38.9, Merrifield CDP is approximately 2.5 times bigger. Also, in contrast to the state of Minnesota, housing density of 30.7, Merrifield CDP is approximately 3.2 times bigger.

In Figure 4, Merrifield CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Merrifield CDP shows it has a Housing Unit Change of -49.0% which is the smallest when sorted by change in the housing units of all the other places in the greater region. The place with the highest change in the housing units in the area is Riverton which shows a housing units of 16.4% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, Merrifield CDP is substantially bigger. Also, benchmarked against the state of Minnesota, change in the housing units of 3.9%, Merrifield CDP is considerably bigger. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 100.0% which is at the top of all other places in the greater Merrifield CDP region.

Merrifield CDP Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Merrifield CDP home price is illustrated for this community and a useful analysis of affordable housing. Merrifield CDP depicts it has a Median Home Value of $153,600 which is the third most median home prices of all other places in the greater Merrifield CDP region. The place with the highest median home price in the area is Lake Shore which shows a home price of $376,000 (approximately 2.4 times bigger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Merrifield CDP has one of the largest proportions of home price worth between $50,000 to $100,000 at 50% of the total and is ranked #2. The only larger place being Brainerd with 51%. Second, it has the largest proportion of home price worth between $200,000 to $300,000 at 18% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 16% of the total and is ranked #1. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Merrifield CDP metro area. it has a Owner Cost as % of HH Income of 14% which is the smallest when ranked by cost as a percent of household income of all the other places in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Merrifield CDP shows it has a Median Home Value as Percent of Median Earnings of 810% which is more than all other places in the greater Merrifield CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $425 which is the third most of all other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Merrifield CDP has the largest proportion of owner cost between $700 and $1,000 at 37% of the total and is ranked #1. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Merrifield CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the smallest in order of cost as a percent of household income of all the other places in the local area. The place with the highest cost as a percent of household income in the area is Riverton which shows a cost as a percent of household income of 16% (75.6% larger).

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Merrifield CDP has the largest proportion of housing cost less than $300 at 32% of the total and is ranked #1. Second, it has one of the largest proportions of housing cost between $700 and $1,000 at 37% of the total and is ranked #2. The only larger place being Riverton with 38%.

Merrifield CDP Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Merrifield CDP has the smallest proportion of both 2nd mortgage and heloc at 37% of the total. Second, it has the largest proportion of no 2nd mortgage and no heloc at 63% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Merrifield CDP has the largest proportion of houses with mortgages at 63% of the total and is ranked #1.

Merrifield CDP Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.2 which is the second smallest as measured by family members per housing unit of all the other places in the area. The place with the highest family members per housing unit in the area is Riverton which depicts a family members per housing unit of 3.7 (62.3% larger). Comparing family members per housing unit to the United States average of 3.3, Merrifield CDP is approximately three-fourths the size. Also, in contrast to the state of Minnesota, family members per housing unit of 3.1, Merrifield CDP is approximately three-fourths the size.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.0 which is less than most other places in the greater region. The place with the highest average number of rooms in a house in the area is Lake Shore which indicates an average number of rooms in a house of 6.1 (22.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1958 which is less than most other places in the local area. The place with the highest year built in the area is Lake Shore which depicts a year built of 1990 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 1980 to 1989 at 32% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1960 to 1969 at 28% of the total and is ranked #1. Third, it has the largest proportion of homes built between 1950 to 1959 at 28% of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 19% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Merrifield CDP residents. it has a Owner-Household Size of 1.9 which is the second smallest as measured by homeowner household size of all the other places in the metro area. The place with the highest homeowner household size in the area is Nisswa which shows a homeowner household size of 2.5 (29.2% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2010 to 2014 at 19% of the total. Second, it has the largest proportion of owners moved in 2000 to 2009 at 34% of the total and is ranked #1. Third, it has the largest proportion of owners moved in 1990 to 1999 at 47% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1989 which is the smallest in order of median year that a home owner moved in of all the other places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 37% of the total and is ranked #1.