Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merit area can be challenging. Home prices in Merit are now at a median cost of $199,429, lower than the Texas average of $235,268.
The average cost of rent is $1,046/mo in Merit, primarily driven by the current value of real estate in the Merit area. While nearly 54.36% of residents own their homes outright in Merit, 8.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merit is $5,119 per month. Households that rent pay about 20.44% of their income on rent here. Merit's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Floyd, TX: higher priced homes
- Celeste, TX: less expensive homes
- Lane, TX: less expensive homes
- Farmersville, TX: equally priced homes
- Peniel, TX: less expensive homes
- Tidwell, TX: equally priced homes
- Pike, TX: higher priced homes
- Clinton, TX: higher priced homes
- White Rock, TX: less expensive homes
- Wolfe City, TX: less expensive homes
Cities with Similar Populations
- Garwood, TX: less expensive homes
- Stout, OH: less expensive homes
- Stockertown, PA: higher priced homes
- St. Vincent College, PA: higher priced homes
- Springer, OK: less expensive homes
- Southmont, NC: less expensive homes
- South Washington, IN: less expensive homes
- Somerset, MI: equally priced homes
- Sanish, ND: less expensive homes
- Houston, AL: higher priced homes
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