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 $642,513, lower than the Oakland average of $733,779.
The average cost of rent is $1,539/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. While nearly 56.08% of residents own their homes outright in Merritt, 86.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $5,665 per month. Households that rent pay about 27.17% of their income on rent here. Merritt's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Clinton, Oakland, CA: equally priced homes
- Cleveland Heights, Oakland, CA: higher priced homes
- Lakewide, Oakland, CA: higher priced homes
- Rancho San Antonio, Oakland, CA: equally priced homes
- Highland Terrace, Oakland, CA: equally priced homes
- Adams Point, Oakland, CA: equally priced homes
- Downtown Oakland, Oakland, CA: higher priced homes
- Old City-Produce and Waterfront, Oakland, CA: equally priced homes
- Lynn-Highland Park, Oakland, CA: equally priced homes
- Trestle Glen, Oakland, CA: higher priced homes
Neighborhoods with Similar Populations
- Beaverdale, Des Moines, IA: less expensive homes
- City Hall Monument District, New Britain, CT: less expensive homes
- Desert Hills, Las Vegas, NV: less expensive homes
- Donelson, Nashville, TN: less expensive homes
- Downtown Columbus, Columbus, OH: less expensive homes
- Downtown Hampton, Hampton, VA: less expensive homes
- Lindenwood Park, St. Louis, MO: less expensive homes
- Bay Farm Island, Alameda, CA: higher priced homes
- Merriman Valley, Akron, OH: less expensive homes
- Mustang-Padre Island, Corpus Christi, TX: less expensive homes
All Local Stats
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