Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Merrifield area can be challenging. Home prices in Merrifield are now at a median cost of $660,458, lower than the Fairfax average of $764,308.
The average cost of rent is $2,418/mo in Merrifield, primarily driven by the current value of real estate in the Merrifield area. In Merrifield, 55.59% of households rent, and 19.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrifield is $12,202 per month. Households that rent pay about 19.82% of their income on rent here. Merrifield’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Mantua, Fairfax, VA: higher priced homes
- Pimmit Hills, Falls Church, VA: higher priced homes
- Wakefield Park, Annandale, VA: higher priced homes
- Madison Condominium, Falls Church, VA: higher priced homes
- Arlington-East Falls, Arlington, VA: higher priced homes
- Lake Barcroft, Falls Church, VA: higher priced homes
- Williamsburg, Arlington, VA: higher priced homes
- North Springfield, Springfield, VA: equally priced homes
- Rock Spring, Arlington, VA: higher priced homes
- Bailey's Crossroads, Falls Church, VA: equally priced homes
Neighborhoods with Similar Populations
- Rice, Houston, TX: higher priced homes
- Far Southwest, Portland, OR: higher priced homes
- Flat Rock Area, Flat Rock, MI: less expensive homes
- Foggy Bottom, Washington, DC: less expensive homes
- Glen-Fallstaff, Baltimore, MD: less expensive homes
- Goodyear Heights, Akron, OH: less expensive homes
- Grandview, Glendale, CA: higher priced homes
- Great Bridge East, Chesapeake, VA: less expensive homes
- Green Valley Ranch, Henderson, NV: less expensive homes
- Greenwood, Seattle, WA: higher priced homes
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