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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 $286,644, lower than the Colorado average of $579,698.
The average cost of rent is $1,289/mo in Merino, primarily driven by the current value of real estate in the Merino area. In Merino, 23.09% of households rent, and 46.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merino is $6,383 per month. Households that rent pay about 20.19% of their income on rent here. Merino’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Messex, CO: higher priced homes
- Atwood, CO: higher priced homes
- Union, CO: higher priced homes
- Willard, CO: equally priced homes
- Sterling, CO: equally priced homes
- Hillrose, CO: higher 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: equally 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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