Expensive
Affordable
Affordable
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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 $141,628, lower than the Texas average of $322,096.
The average cost of rent is $1,114/mo in Merkel, primarily driven by the current value of real estate in the Merkel area. In Merkel, 25.84% of households rent, and 49.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merkel is $6,016 per month. Households that rent pay about 18.51% of their income on rent here. Merkel’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stith, TX: equally priced homes
- Tye, TX: equally priced homes
- Trent, TX: higher priced homes
- Hodges, TX: higher priced homes
- Dyess Afb, TX: higher priced homes
- View, TX: higher priced homes
- Impact, TX: higher priced homes
- Abilene, TX: higher priced homes
- Nolan, TX: higher priced homes
- Potosi, TX: higher priced homes
Cities with Similar Populations
- Fox Lake, WI: higher priced homes
- Scranton, SC: less expensive homes
- Hometown, IL: higher priced homes
- Monte Sereno, CA: higher priced homes
- Weyauwega, WI: higher priced homes
- Westville, IL: less expensive homes
- Wanamassa, NJ: higher priced homes
- Versailles, OH: higher priced homes
- Utica, OH: higher priced homes
- Shady Side, MD: higher priced homes
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