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 $110,945, lower than the Missouri average of $194,908.
The average cost of rent is $1,000/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. While nearly 55.13% of residents own their homes outright in Merritt, 14.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $3,454 per month. Households that rent pay about 28.96% of their income on rent here. Merritt's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Old Merritt, MO: higher priced homes
- Goodhope, MO: equally priced homes
- Rome, MO: equally priced homes
- Brownbranch, MO: higher priced homes
- Smallett, MO: equally priced homes
- Bradleyville, MO: higher priced homes
- Evans, MO: higher priced homes
- Oldfield, MO: higher priced homes
- Garrison, MO: higher priced homes
- Ava, MO: equally priced homes
Cities with Similar Populations
- Rena Lara, MS: less expensive homes
- Ringo, KS: less expensive homes
- Ridgeton, OH: higher priced homes
- Richardson, WA: higher priced homes
- Rexburg, VA: higher priced homes
- Requa, CA: higher priced homes
- Republic, KS: less expensive homes
- Repaupo, NJ: higher priced homes
- Renicks Valley, WV: equally priced homes
- River Neck, NC: equally priced homes
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