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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 $175,088, lower than the Michigan average of $250,415.
The average cost of rent is $882/mo in Merrill, primarily driven by the current value of real estate in the Merrill area. In Merrill, 9.71% of households rent, and 47.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrill is $5,832 per month. Households that rent pay about 15.12% of their income on rent here. Merrill’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ryan, MI: less expensive homes
- Nelson, MI: higher priced homes
- Wheeler, MI: less expensive homes
- Hemlock, MI: higher priced homes
- Iva, MI: equally priced homes
- Rathbone, MI: equally priced homes
- Orr, MI: higher priced homes
- Breckenridge, MI: less expensive homes
- Roosevelt, MI: higher priced homes
- Marion Springs, MI: less expensive homes
Cities with Similar Populations
- Argyle, NY: higher priced homes
- Williamsburg, CO: higher priced homes
- Whitley City, KY: less expensive homes
- Webster, SD: equally priced homes
- Webster, GA: less expensive homes
- Wares Crossroads, GA: higher priced homes
- Valley Forge, PA: higher priced homes
- Trenton, TX: higher priced homes
- Towamensing Trails, PA: higher priced homes
- Kinderhook, NY: higher priced homes
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