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Affordable
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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 $237,824, lower than the North Carolina average of $323,314.
The average cost of rent is $1,017/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. In Merritt, 13.88% of households rent, and 53.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $6,086 per month. Households that rent pay about 16.72% of their income on rent here. Merritt’s most expensive areas are in the southern 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
- Stonewall, NC: less expensive homes
- Whortonsville, NC: higher priced homes
- Vandemere, NC: less expensive homes
- Pamlico, NC: higher priced homes
- Bayboro, NC: less expensive homes
- Mesic, NC: less expensive homes
- Oriental, NC: higher priced homes
- Alliance, NC: less expensive homes
- Janeiro, NC: higher priced homes
- Grantsboro, NC: less expensive homes
Cities with Similar Populations
- Sisterdale, TX: higher priced homes
- Lake Tanglewood, TX: higher priced homes
- Lesslie, SC: higher priced homes
- Linn Grove, IN: equally priced homes
- Linneus, MO: less expensive homes
- Marquette, NE: higher priced homes
- Mayhill, NM: higher priced homes
- Sanderson, TX: less expensive homes
- Scipio Center, NY: less expensive homes
- Seeleys, WI: higher priced homes
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