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These days, finding an affordable place to live in the Merom area can be challenging. Home prices in Merom are now at a median cost of $187,133, lower than the Indiana average of $232,932.
The average cost of rent is $1,087/mo in Merom, primarily driven by the current value of real estate in the Merom area. In Merom, 10.77% of households rent, and 54.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merom is $6,583 per month. Households that rent pay about 16.51% of their income on rent here. Merom’s most expensive areas are in the northwestern 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
- Graysville, IN: equally priced homes
- Trimble, IL: less expensive homes
- New Lebanon, IN: equally priced homes
- Riverton, IN: equally priced homes
- Palestine, IL: less expensive homes
- Fairbanks, IN: equally priced homes
- Hutsonville, IL: less expensive homes
- York, IL: less expensive homes
- Gordons, IL: less expensive homes
- Sullivan, IN: less expensive homes
Cities with Similar Populations
- Joppa, IL: less expensive homes
- Silver Lake, NJ: higher priced homes
- Silver City, IA: higher priced homes
- Sideview, KY: higher priced homes
- Kimball Stand, NY: less expensive homes
- Kilgore, SC: less expensive homes
- Keene, OH: equally priced homes
- Kanosh, UT: higher priced homes
- Jordan, MT: less expensive homes
- Silverton, CO: higher priced homes
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