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These days, finding an affordable place to live in the Merrionette Park area can be challenging. Home prices in Merrionette Park are now at a median cost of $185,443, lower than the Illinois average of $300,242.
The average cost of rent is $1,312/mo in Merrionette Park, primarily driven by the current value of real estate in the Merrionette Park area. In Merrionette Park, 38.45% of households rent, and 29.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merrionette Park is $5,613 per month. Households that rent pay about 23.37% of their income on rent here. Merrionette Park’s most expensive areas are in the eastern 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
- Alsip, IL: higher priced homes
- Blue Island, IL: equally priced homes
- Calumet Park, IL: equally priced homes
- Evergreen Park, IL: higher priced homes
- Robbins, IL: less expensive homes
- Crestwood, IL: equally priced homes
- Oak Lawn, IL: higher priced homes
- Posen, IL: equally priced homes
- Hometown, IL: equally priced homes
- Dixmoor, IL: less expensive homes
Cities with Similar Populations
- Trainer, PA: less expensive homes
- Glencoe, OK: less expensive homes
- Hartley, IA: less expensive homes
- Lydia Mills, SC: equally priced homes
- Mentone, AL: less expensive homes
- Pilot, VA: equally priced homes
- Port Austin, MI: equally priced homes
- Rosholt, WI: higher priced homes
- Sandy Creek, NY: equally priced homes
- Sleepy Hollow, CA: higher priced homes
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