Home Price Key
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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 $118,712, lower than the Michigan average of $196,062.
The average cost of rent is $780/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. While nearly 50.18% of residents own their homes outright in Merritt, 15.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $4,260 per month. Households that rent pay about 18.32% of their income on rent here. Merritt's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Prosper, MI: equally priced homes
- Houghton Lake Heights, MI: equally priced homes
- Falmouth, MI: equally priced homes
- Meads Landing, MI: less expensive homes
- Houghton Lake, MI: higher priced homes
- Houghton Point, MI: higher priced homes
- Moorestown, MI: equally priced homes
- Vogel Center, MI: less expensive homes
- Stittsville, MI: equally priced homes
- Lake City, MI: higher priced homes
Cities with Similar Populations
- Igo, CA: higher priced homes
- Henriette, MN: higher priced homes
- High Bridge, NH: higher priced homes
- High Hill, MO: higher priced homes
- Hoberg, MO: higher priced homes
- Hogglesville, AL: less expensive homes
- Holland, VT: higher priced homes
- Yelvington, KY: higher priced homes
- Yeaddiss, KY: less expensive homes
- Wyndmere, ND: higher priced homes
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