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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 $258,110, higher than the Indiana average of $232,932.
The average cost of rent is $666/mo in Merriam, primarily driven by the current value of real estate in the Merriam area. In Merriam, 9.84% of households rent, and 43.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merriam is $6,631 per month. Households that rent pay about 10.05% of their income on rent here. Merriam’s most expensive areas are in the southeastern 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
- Burr Oak, IN: equally priced homes
- Tri-Lakes, IN: higher priced homes
- Green Center, IN: higher priced homes
- Wolflake, IN: less expensive homes
- Albion, IN: less expensive homes
- Collins, IN: less expensive homes
- Churubusco, IN: less expensive homes
- Ormas, IN: equally priced homes
- Bakertown, IN: higher priced homes
- Lorane, IN: less expensive homes
Cities with Similar Populations
- Rockaway Beach, ID: higher priced homes
- Morgan, VT: equally priced homes
- Morgantown, MS: less expensive homes
- Morse Mill, MO: higher priced homes
- Morton, IN: less expensive homes
- Moscow, MN: less expensive homes
- Moscow, MS: less expensive homes
- Mosheim, TX: equally priced homes
- Rico, CO: higher priced homes
- Rimini, MT: higher priced homes
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