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These days, finding an affordable place to live in the Merchantville area can be challenging. Home prices in Merchantville are now at a median cost of $245,833, lower than the New Jersey average of $496,577.
The average cost of rent is $1,266/mo in Merchantville, primarily driven by the current value of real estate in the Merchantville area. In Merchantville, 31.79% of households rent, and 31.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merchantville is $7,608 per month. Households that rent pay about 16.64% of their income on rent here. Merchantville’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pennsauken, NJ: equally priced homes
- Golden Triangle, NJ: higher priced homes
- Cherry Hill Mall, NJ: higher priced homes
- Collingswood, NJ: higher priced homes
- Camden, NJ: less expensive homes
- Maple Shade, NJ: less expensive homes
- Woodlynne, NJ: less expensive homes
- Oaklyn, NJ: higher priced homes
- Cherry Hill, NJ: higher priced homes
- Haddonfield, NJ: higher priced homes
Cities with Similar Populations
- Acton, MA: higher priced homes
- Youngsville, NC: higher priced homes
- World Golf Village, FL: higher priced homes
- Windermere, FL: higher priced homes
- Willow Spring, NC: higher priced homes
- West Carson, CA: higher priced homes
- Wendell, NC: higher priced homes
- Capitol Heights, MD: higher priced homes
- Canfield, OH: higher priced homes
- Candler-McAfee, GA: equally priced homes
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