Home Price Key
Affordable
Average
Expensive
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 $124,677, lower than the Mississippi average of $145,564.
The average cost of rent is $739/mo in Merrill, primarily driven by the current value of real estate in the Merrill area. While nearly 78.20% of residents own their homes outright in Merrill, 18.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merrill is $2,997 per month. Households that rent pay about 24.65% of their income on rent here. Merrill's most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Bexley, MS: higher priced homes
- Leaf, MS: less expensive homes
- McLain, MS: less expensive homes
- Lucedale, MS: equally priced homes
- Vernal, MS: less expensive homes
- Benndale, MS: less expensive homes
- Shipman, MS: higher priced homes
- Whites Crossing, MS: higher priced homes
- Latonia, MS: less expensive homes
- Moffet, AL: higher priced homes
Cities with Similar Populations
- North Plato, IL: higher priced homes
- Nettleton, MO: equally priced homes
- New Alluwe, OK: equally priced homes
- New Augusta, AR: less expensive homes
- New Baden, TX: higher priced homes
- New Columbus, PA: higher priced homes
- New Dennison, IL: higher priced homes
- New Salisbury, OH: equally priced homes
- New Santa Fe, IN: equally priced homes
- New Zion, KY: less expensive homes
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