Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merton area can be challenging. Home prices in Merton are now at a median cost of $301,059, higher than the Minnesota average of $269,934.
The average cost of rent is $1,289/mo in Merton, primarily driven by the current value of real estate in the Merton area. While nearly 36.99% of residents own their homes outright in Merton, 20.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merton is $8,696 per month. Households that rent pay about 14.82% of their income on rent here. Merton's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Havana, MN: less expensive homes
- Owatonna, MN: less expensive homes
- Ruskin, MN: equally priced homes
- Medford, MN: less expensive homes
- Pratt, MN: less expensive homes
- Skyburg, MN: less expensive homes
- Prairieville, MN: less expensive homes
- Claremont, MN: less expensive homes
- Moland, MN: less expensive homes
- Kenyon, MN: less expensive homes
Cities with Similar Populations
- Kingswood, KY: less expensive homes
- Lakewood Township, IL: less expensive homes
- Lake Poinsett, SD: less expensive homes
- Lagoon, NC: less expensive homes
- Lacey, OK: less expensive homes
- Labelle, ID: less expensive homes
- La Russell, MO: less expensive homes
- L'Erable, IL: less expensive homes
- Kramer, NE: less expensive homes
- Koonsville, PA: less expensive homes
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