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Affordable
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These days, finding an affordable place to live in the Mermet area can be challenging. Home prices in Mermet are now at a median cost of $146,762, lower than the Illinois average of $300,242.
The average cost of rent is $749/mo in Mermet, primarily driven by the current value of real estate in the Mermet area. In Mermet, 7.33% of households rent, and 64.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mermet is $6,144 per month. Households that rent pay about 12.19% of their income on rent here. Mermet’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Grinnell, IL: higher priced homes
- Hillerman, IL: less expensive homes
- New Columbia, IL: higher priced homes
- Belknap, IL: equally priced homes
- Joppa, IL: less expensive homes
- Karnak, IL: less expensive homes
- Round Knob, IL: higher priced homes
- Crossroads, IL: less expensive homes
- Ragland, KY: higher priced homes
- Grand Chain, IL: less expensive homes
Cities with Similar Populations
- Zent, AR: less expensive homes
- Afton, TX: less expensive homes
- Akhiok, AK: less expensive homes
- Alexander, KS: less expensive homes
- Allegany, OR: higher priced homes
- Alleghany, CA: higher priced homes
- Alpena, WV: higher priced homes
- Ames, KS: higher priced homes
- Antioch, OH: equally priced homes
- Amistad, NM: higher priced homes
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