Photo: Eric Friedebach · CC BY 3.0Merritt sits 44% below British Columbia’s towns on home values
The 2021 census gives $400,000 as the median value; British Columbia’s towns come to $720,000. Those values come from owners at the 2021 census and predate the prices of the years since. The median sale in 2023 was $429,000, across 165 buyers.
Merritt’s homes, by three sources
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $405K
- Owners
- 2,175
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $440K
- ÷ buyers’ income
- 4.1×
- Buyers
- 165
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Houses in Merritt carry assessments 38% under the middle of British Columbia’s towns
The 2024 assessment roll counts 2,635 homes in Merritt: detached houses make 69% of them, condos 5%.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
Merritt’s homes: when they went up and what they are
At the 2021 census, 65% of Merritt’s 2,975 occupied homes were single-detached houses. At least half predate 1981.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Merritt | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 8% | 10% | 8% |
| Needing major repairs | 7% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 8% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
27.6 new homes a year per 1,000 in Merritt: more than British Columbia’s towns (18.1)
Some 74 homes a year: 444 in all were permitted in Merritt from 2018 to 2023. The mix: 22% in single-unit buildings, beside 27% for British Columbia’s towns.
The busiest year: 2020, with 112 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Merritt against British Columbia’s towns: 44% under the $720,000 median
254 of British Columbia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Merritt: Logan Lake and Electoral Area I (Blue Sky Country), Thompson-Nicola
The places around Merritt at the 2021 census: median and average value, and how many own. Merritt has few close neighbours with figures, so the list reaches 9–70 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Merritt | $400K | $405K | 73% | |
| Electoral Area M (Beautiful Nicola Valley - North), Thompson-Nicola | $448K | $526K | 84% | 8.9 |
| Logan Lake | $348K | $345K | 84% | 42.9 |
| Electoral Area H, Okanagan-Similkameen | $500K | $582K | 89% | 58.8 |
| Electoral Area J (Copper Desert Country), Thompson-Nicola | $600K | $678K | 89% | 67.4 |
| Electoral Area I (Blue Sky Country), Thompson-Nicola | $348K | $366K | 89% | 69.9 |
Census 2021 values; km.
Questions about property prices in Merritt
Is Merritt expensive for British Columbia?
Less than most: British Columbia’s towns have a median of $720,000, and Merritt sits below it.
How many households in Merritt are in core housing need?
About as many as elsewhere: 8% of households in Merritt, where British Columbia’s towns sit at 10%.
What is the average house price in Merritt?
Homes sold for an average $440,000 in 2023; the median buyer paid 4.1 times their household income.
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).