Home Price Key
Affordable
Average
Expensive
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 $113,422, lower than the Illinois average of $242,002.
The average cost of rent is $631/mo in Mermet, primarily driven by the current value of real estate in the Mermet area. While nearly 54.50% of residents own their homes outright in Mermet, 10.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mermet is $5,263 per month. Households that rent pay about 12.00% of their income on rent here. Mermet's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Grinnell, IL: higher priced homes
- Hillerman, IL: less expensive homes
- New Columbia, IL: higher priced homes
- Belknap, IL: less expensive homes
- Joppa, IL: equally priced homes
- Karnak, IL: less expensive homes
- Round Knob, IL: higher priced homes
- Crossroads, IL: less expensive homes
- Ragland, KY: equally priced homes
- Grand Chain, IL: less expensive homes
Cities with Similar Populations
- Zent, AR: less expensive homes
- Afton, TX: less expensive homes
- Akhiok, AK: equally priced homes
- Alexander, KS: less expensive homes
- Allegany, OR: higher priced homes
- Alleghany, CA: higher priced homes
- Alpena, WV: equally priced homes
- Ames, KS: less expensive homes
- Antioch, OH: higher priced homes
- Amistad, NM: higher priced homes
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