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Affordable
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These days, finding an affordable place to live in the Merrick area can be challenging. Home prices in Merrick are now at a median cost of $773,999, higher than the New York average of $610,895.
The average cost of rent is $2,945/mo in Merrick, primarily driven by the current value of real estate in the Merrick area. In Merrick, 3.35% of households rent, and 37.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrick is $15,907 per month. Households that rent pay about 18.51% of their income on rent here. Merrick’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bellmore, NY: equally priced homes
- Freeport, NY: less expensive homes
- North Merrick, NY: less expensive homes
- North Bellmore, NY: less expensive homes
- Roosevelt, NY: less expensive homes
- Wantagh, NY: less expensive homes
- Baldwin, NY: less expensive homes
- Baldwin Harbor, NY: less expensive homes
- Seaford, NY: less expensive homes
- North Wantagh, NY: less expensive homes
Cities with Similar Populations
- Arnold, MD: less expensive homes
- Blue Island, IL: less expensive homes
- Billerica, MA: less expensive homes
- Breaux Bridge, LA: less expensive homes
- Bedford, NH: less expensive homes
- Bayville, NJ: less expensive homes
- Batesville, AR: less expensive homes
- Bastrop, TX: less expensive homes
- Winchester, MA: higher priced homes
- Anderson, CA: less expensive homes
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