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 $267,319, higher than the North Carolina average of $226,477.
The average cost of rent is $928/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. While nearly 44.50% of residents own their homes outright in Merritt, 14.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $6,238 per month. Households that rent pay about 14.88% of their income on rent here. Merritt's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
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: equally priced homes
- Lake Tanglewood, TX: equally priced homes
- Lesslie, SC: less expensive homes
- Linn Grove, IN: less expensive homes
- Linneus, MO: less expensive homes
- Marquette, NE: less expensive homes
- Mayhill, NM: less expensive homes
- Sanderson, TX: less expensive homes
- Scipio Center, NY: less expensive homes
- Seeleys, WI: less expensive homes
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