Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merriam area can be challenging. Home prices in Merriam are now at a median cost of $95,681, lower than the Illinois average of $242,002.
The average cost of rent is $773/mo in Merriam, primarily driven by the current value of real estate in the Merriam area. While nearly 55.75% of residents own their homes outright in Merriam, 14.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merriam is $5,903 per month. Households that rent pay about 13.10% of their income on rent here. Merriam's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Toms Prairie, IL: higher priced homes
- Golden Gate, IL: less expensive homes
- Fairfield, IL: equally priced homes
- Barnhill, IL: higher priced homes
- Jeffersonville, IL: equally priced homes
- Ellery, IL: less expensive homes
- Mill Shoals, IL: less expensive homes
- Burnt Prairie, IL: less expensive homes
- Geff, IL: less expensive homes
- Black, IL: equally priced homes
Cities with Similar Populations
- Indianford, WI: higher priced homes
- Isleboro, FL: higher priced homes
- Irwin, IA: higher priced homes
- Irvine, PA: higher priced homes
- Iron Gate, VA: higher priced homes
- Iron City, OH: higher priced homes
- Ingleside on the Bay, TX: higher priced homes
- Industry, IL: less expensive homes
- Industry, CA: higher priced homes
- Ivydale, WV: higher priced homes
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