Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merino area can be challenging. Home prices in Merino are now at a median cost of $238,066, lower than the Colorado average of $430,259.
The average cost of rent is $1,162/mo in Merino, primarily driven by the current value of real estate in the Merino area. While nearly 38.29% of residents own their homes outright in Merino, 23.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merino is $5,436 per month. Households that rent pay about 21.37% of their income on rent here. Merino's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Messex, CO: higher priced homes
- Atwood, CO: equally priced homes
- Union, CO: higher priced homes
- Willard, CO: equally priced homes
- Sterling, CO: less expensive homes
- Hillrose, CO: equally priced homes
- Snyder, CO: higher priced homes
- Stoneham, CO: equally priced homes
- Brush, CO: equally priced homes
- Platner, CO: higher priced homes
Cities with Similar Populations
- Kingsboro, GA: higher priced homes
- Williams, SC: less expensive homes
- Williamstown, OH: less expensive homes
- Williston, MD: higher priced homes
- Wilmot, WI: equally priced homes
- Wilson, LA: less expensive homes
- Winganon, OK: less expensive homes
- Lake Vanare, NY: equally priced homes
- Knippa, TX: less expensive homes
- Klagetoh, AZ: less expensive homes
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