Home prices
The median home in Merrillville is valued at $136,100. In comparison to nearby areas it is roughly $60,580 (30%) lower.In comparison to the rest of the country it is about $81,400 (37%) lower, and in comparison to the city of Chicago is roughly $121,900 (47%) lower.
Rents
The median monthly rent in Merrillville is $1,082. This is is very similar compared to its nearby areas.Compared to the US as a whole it is about $20 (1%) higher, and is roughly $30 (2%) lower in comparison to the city of Chicago.
Nearby places
Hobart
Hobart is Merrillville's neighbor to the northeast. Its housing prices are similar. Hobart's median home cost is $142,700, which is $6,600 (4%) higher than Merrillville. Rent there is a little less expensive. Hobart's median monthly rent is $954, which is $128 (13%) lower than Merrillville.
Crown Point
Crown Point is Merrillville's neighbor to the south. Its real estate prices are somewhat more expensive. The median home in Crown Point costs $194,600, which comes out to $58,500 (30%) higher than Merrillville. Rent there is pretty similar. In Crown Point the median rent is $1,046 per month, which is $36 (3%) lower than Merrillville.
Winfield
Winfield is Merrillville's neighbor to the southeast. Real estate prices there are substantially more expensive. The median home in Winfield costs $282,000, which is $145,900 (51%) higher than Merrillville. Rent there is a little more expensive. The median monthly rent in Winfield is $1,523, which works out to $441 (28%) higher than Merrillville.
Schererville
Schererville is Merrillville's neighbor to the west. The real estate prices there are significantly more expensive. The median home in Schererville costs $222,400, which works out to $86,300 (38%) higher than Merrillville. Its rents are somewhat less expensive. In Schererville the median rent is $973 a month, which is $109 (11%) lower than Merrillville.
Griffith
Griffith is Merrillville's neighbor to the northwest. The housing prices there are fairly similar. The median home in Griffith costs $141,700, which is $5,600 (3%) higher than Merrillville. Rents there are somewhat less expensive. The median rent in Griffith is $919 a month, which works out to $163 (17%) lower than Merrillville.
