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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 $722,700, higher than the Washington average of $621,115.
The average cost of rent is $1,162/mo in Merritt, primarily driven by the current value of real estate in the Merritt area. In Merritt, 26.59% of households rent, and 54.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merritt is $5,365 per month. Households that rent pay about 21.66% of their income on rent here. Merritt’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winton, WA: less expensive homes
- Telma, WA: equally priced homes
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- Skykomish, WA: less expensive homes
- Peshastin, WA: equally priced homes
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- Dryden, WA: equally priced homes
- Miller River, WA: less expensive homes
Cities with Similar Populations
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- Ava, OH: less expensive homes
- Auvergne, AR: less expensive homes
- Atlanta, ID: less expensive homes
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