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 $180,950, higher than the Indiana average of $175,617.
The average cost of rent is $664/mo in Merriam, primarily driven by the current value of real estate in the Merriam area. While nearly 42.67% of residents own their homes outright in Merriam, 10.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merriam is $5,841 per month. Households that rent pay about 11.37% of their income on rent here. Merriam's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
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: equally priced homes
- Lorane, IN: equally priced homes
Cities with Similar Populations
- Rockaway Beach, ID: higher priced homes
- Morgan, VT: less expensive homes
- Morgantown, MS: less expensive homes
- Morse Mill, MO: higher priced homes
- Morton, IN: less expensive homes
- Moscow, MN: equally priced homes
- Moscow, MS: less expensive homes
- Mosheim, TX: higher priced homes
- Rico, CO: higher priced homes
- Rimini, MT: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood