Home Price Key
Affordable
Average
Expensive
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 $272,454, higher than the Minnesota average of $269,934.
The average cost of rent is $1,171/mo in Merrifield, primarily driven by the current value of real estate in the Merrifield area. While nearly 44.44% of residents own their homes outright in Merrifield, 5.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merrifield is $5,496 per month. Households that rent pay about 21.30% of their income on rent here. Merrifield's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Trommald, MN: less expensive homes
- Lake Hubert, MN: less expensive homes
- Riverton, MN: less expensive homes
- Breezy Point, MN: equally priced homes
- Nisswa, MN: higher priced homes
- Ironton, MN: less expensive homes
- Mission, MN: equally priced homes
- Crosby, MN: less expensive homes
- Pequot Lakes, MN: equally priced 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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