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Affordable
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These days, finding an affordable place to live in the Merson area can be challenging. Home prices in Merson are now at a median cost of $220,097, lower than the Michigan average of $250,415.
The average cost of rent is $1,275/mo in Merson, primarily driven by the current value of real estate in the Merson area. In Merson, 7.33% of households rent, and 47.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merson is $6,193 per month. Households that rent pay about 20.59% of their income on rent here. Merson’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Allegan, MI: equally priced homes
- Millgrove, MI: higher priced homes
- Cheshire Center, MI: equally priced homes
- South Monterey, MI: equally priced homes
- Chicora, MI: less expensive homes
- Watson, MI: equally priced homes
- Otsego, MI: equally priced homes
- Dunningville, MI: higher priced homes
- Kendall, MI: equally priced homes
- Gobles, MI: less expensive homes
Cities with Similar Populations
- Schulte, KS: higher priced homes
- Lawrence, TX: higher priced homes
- Leopold, MO: less expensive homes
- Liberty, OR: higher priced homes
- Limerick, OH: less expensive homes
- Lingle, WY: equally priced homes
- Litchfield Corners, ME: higher priced homes
- Lockett, TX: less expensive homes
- Sabula, IA: less expensive homes
- Salix, IA: higher priced homes
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