Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merrill Park area can be challenging. Home prices in Merrill Park are now at a median cost of $79,270, lower than the Milwaukee average of $243,883.
The average cost of rent is $781/mo in Merrill Park, primarily driven by the current value of real estate in the Merrill Park area. While nearly 56.24% of residents own their homes outright in Merrill Park, 71.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merrill Park is $2,578 per month. Households that rent pay about 30.32% of their income on rent here. Merrill Park's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Avenues West, Milwaukee, WI: equally priced homes
- Silver City, Milwaukee, WI: higher priced homes
- Midtown, Milwaukee, WI: equally priced homes
- Clarke Square, Milwaukee, WI: higher priced homes
- Washington Park, Milwaukee, WI: less expensive homes
- Burnham Park, Milwaukee, WI: higher priced homes
- Kilbourn Town, Milwaukee, WI: higher priced homes
- Muskego Way, Milwaukee, WI: equally priced homes
- Washington Heights, Milwaukee, WI: higher priced homes
- Walker's Point, Milwaukee, WI: higher priced homes
Neighborhoods with Similar Populations
- 9th Ward, Wilmington, DE: higher priced homes
- Lake Ridge, Fort Lauderdale, FL: higher priced homes
- Lakewood, Warwick, RI: higher priced homes
- Laurel, Oakland, CA: higher priced homes
- Leavenworth, Omaha, NE: higher priced homes
- Lindenwood, Norfolk, VA: higher priced homes
- Linwood, Columbus, OH: higher priced homes
- Long View, Milwaukee, WI: higher priced homes
- Lowell, Colorado Springs, CO: higher priced homes
- Mallory Creek at Abacoa, Jupiter, FL: higher priced homes
All Local Stats
Home Services
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