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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 $138,773, lower than the New York average of $610,895.
The average cost of rent is $876/mo in Merrill, primarily driven by the current value of real estate in the Merrill area. In Merrill, 22.51% of households rent, and 54.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrill is $6,239 per month. Households that rent pay about 14.04% of their income on rent here. Merrill’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Petty, TX: higher priced homes
- Petroleum, IN: equally priced homes
- Penokee, KS: less expensive homes
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