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These days, finding an affordable place to live in the Merriman area can be challenging. Home prices in Merriman are now at a median cost of $261,001, higher than the Michigan average of $250,415.
The average cost of rent is $889/mo in Merriman, primarily driven by the current value of real estate in the Merriman area. In Merriman, 5.28% of households rent, and 55.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merriman is $8,848 per month. Households that rent pay about 10.05% of their income on rent here. Merriman’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Granite Bluff, MI: less expensive homes
- Iron Mountain, MI: less expensive homes
- Spread Eagle, WI: equally priced homes
- Quinnesec, MI: less expensive homes
- Kingsford, MI: less expensive homes
- Randville, MI: less expensive homes
- Metropolitan, MI: less expensive homes
- Niagara, WI: less expensive homes
- Norway, MI: less expensive homes
- Florence, WI: less expensive homes
Cities with Similar Populations
- Keene, ND: equally priced homes
- Rockland, TX: less expensive homes
- Rockford, WV: less expensive homes
- Riverturn, GA: less expensive homes
- Lambert, AR: less expensive homes
- La Prairie, MN: less expensive homes
- Kennard, IN: less expensive homes
- Kendrick, ID: higher priced homes
- Kendalia, TX: higher priced homes
- Rushford, NY: less expensive homes
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