Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merrimac area can be challenging. Home prices in Merrimac are now at a median cost of $173,700, lower than the Illinois average of $242,002.
The average cost of rent is $1,108/mo in Merrimac, primarily driven by the current value of real estate in the Merrimac area. While nearly 21.41% of residents own their homes outright in Merrimac, 19.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merrimac is $7,813 per month. Households that rent pay about 14.18% of their income on rent here. Merrimac's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Fountain Gap, IL: higher priced homes
- Valmeyer, IL: equally priced homes
- Imperial, MO: higher priced homes
- Arnold, MO: equally priced homes
- Foster Pond, IL: higher priced homes
- Oakville, MO: higher priced homes
- Barnhart, MO: equally priced homes
- New Hanover, IL: higher priced homes
- Pevely, MO: higher priced homes
- Wartburg, IL: higher priced homes
Cities with Similar Populations
- Willow Ranch, CA: higher priced homes
- Beryl Junction, UT: higher priced homes
- Bethany, IN: less expensive homes
- Big Piney, MO: higher priced homes
- Bigstone, KY: less expensive homes
- Whitehall, AR: less expensive homes
- Whitney, MS: less expensive homes
- Wickes, MT: higher priced homes
- Wilburton Number Two, PA: less expensive homes
- Wilfred, IN: less expensive homes
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