Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merkel area can be challenging. Home prices in Merkel are now at a median cost of $100,977, lower than the Texas average of $235,268.
The average cost of rent is $963/mo in Merkel, primarily driven by the current value of real estate in the Merkel area. While nearly 50.84% of residents own their homes outright in Merkel, 17.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merkel is $4,942 per month. Households that rent pay about 19.48% of their income on rent here. Merkel's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
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Cities with Similar Populations
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- Shady Side, MD: higher priced homes
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