Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merritt area can be challenging. Home prices in Merritt are now at a median cost of $77,651, lower than the Illinois average of $242,002.
The average cost of rent is $736/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. While nearly 55.21% of residents own their homes outright in Merritt, 13.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $5,628 per month. Households that rent pay about 13.08% of their income on rent here. Merritt's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Riggston, IL: equally priced homes
- Chapin, IL: higher priced homes
- Exeter, IL: equally priced homes
- Lynnville, IL: higher priced homes
- Bluffs, IL: equally priced homes
- Winchester, IL: higher priced homes
- Concord, IL: higher priced homes
- Oxville, IL: higher priced homes
- Jacksonville, IL: higher priced homes
- South Jacksonville, IL: higher priced homes
Cities with Similar Populations
- Plainview Colony, SD: higher priced homes
- Priscilla, MS: higher priced homes
- Prichard, MS: higher priced homes
- President, PA: higher priced homes
- Prairie Point, TX: higher priced homes
- Prairie Hill, MO: higher priced homes
- Praha, TX: higher priced homes
- Praag, WI: higher priced homes
- Powderhorn, CO: higher priced homes
- Promised Land, AR: higher priced homes
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