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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 $183,854, lower than the Wisconsin average of $280,373.
The average cost of rent is $823/mo in Merrill, primarily driven by the current value of real estate in the Merrill area. In Merrill, 25.28% of households rent, and 44.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrill is $5,850 per month. Households that rent pay about 14.07% of their income on rent here. Merrill’s most expensive areas are in the southeastern 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
- Brokaw, WI: higher priced homes
- Hamburg, WI: higher priced homes
- Doering, WI: higher priced homes
- Gleason, WI: higher priced homes
- Irma, WI: higher priced homes
- Nutterville, WI: higher priced homes
- Heafford Junction, WI: higher priced homes
- Dudley, WI: higher priced homes
- Wausau, WI: equally priced homes
- Marathon, WI: higher priced homes
Cities with Similar Populations
- Zimmerman, MN: higher priced homes
- Bethlehem, GA: higher priced homes
- Bothell West, WA: higher priced homes
- Bridgeview, IL: higher priced homes
- Bridgeville, PA: higher priced homes
- Tanque Verde, AZ: higher priced homes
- Swansea, MA: higher priced homes
- Sunny Vista, CA: higher priced homes
- Summerfield, NC: higher priced homes
- Auburn, MA: higher priced homes
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