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Affordable
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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 $400,878, higher than the Minnesota average of $345,793.
The average cost of rent is $1,195/mo in Merrifield, primarily driven by the current value of real estate in the Merrifield area. In Merrifield, 4.72% of households rent, and 48.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrifield is $6,491 per month. Households that rent pay about 18.41% of their income on rent here. Merrifield’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Trommald, MN: less expensive homes
- Lake Hubert, MN: equally priced homes
- Riverton, MN: less expensive homes
- Breezy Point, MN: equally priced homes
- Nisswa, MN: higher priced homes
- Ironton, MN: less expensive homes
- Mission, MN: less expensive homes
- Crosby, MN: less expensive homes
- Pequot Lakes, MN: less expensive homes
- Crosslake, MN: higher priced homes
Cities with Similar Populations
- Ansonia, OH: less expensive homes
- Duncan, AZ: less expensive homes
- Dasher, GA: less expensive homes
- Copan, OK: less expensive homes
- Coden, AL: less expensive homes
- Cobbtown, GA: less expensive homes
- Clyattville, GA: less expensive homes
- Clarkrange, TN: less expensive homes
- Chinquapin, NC: less expensive homes
- Center Village, OH: equally priced homes
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