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Affordable
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These days, finding an affordable place to live in the Merrill area can be challenging. Home prices in Merrill are now at a median cost of $208,263, lower than the Iowa average of $226,062.
The average cost of rent is $721/mo in Merrill, primarily driven by the current value of real estate in the Merrill area. In Merrill, 14.59% of households rent, and 40.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrill is $7,654 per month. Households that rent pay about 9.42% of their income on rent here. Merrill’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Le Mars, IA: less expensive homes
- Le Mars, IA: equally priced homes
- Brunsville, IA: equally priced homes
- Hinton, IA: higher priced homes
- Neptune, IA: higher priced homes
- Ruble, IA: equally priced homes
- Millnerville, IA: higher priced homes
- Union Center, IA: higher priced homes
- Struble, IA: equally priced homes
- Oyens, IA: equally priced homes
Cities with Similar Populations
- Winthrop, IA: less expensive homes
- Wares Crossroads, VA: higher priced homes
- La Plata, NM: equally priced homes
- Kiona, WA: higher priced homes
- Warfield, KY: less expensive homes
- Johnson, WA: higher priced homes
- Wayne, ME: higher priced homes
- West Layton, UT: higher priced homes
- West Leechburg, PA: less expensive homes
- Wilmot, NH: higher priced homes
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