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These days, finding an affordable place to live in the Merna area can be challenging. Home prices in Merna are now at a median cost of $670,800, higher than the Wyoming average of $376,641.
The average cost of rent is $786/mo in Merna, primarily driven by the current value of real estate in the Merna area. In Merna, 10.33% of households rent, and 62.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merna is $6,215 per month. Households that rent pay about 12.65% of their income on rent here. Merna’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Perth, IN: less expensive homes
- Persia, TN: less expensive homes
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