Much like its surrounding areas, it's a lot less expensive compared to the country as a whole. Compared to the city of Kearney, it is significantly less expensive.
Home prices
The median home in Merna costs $75,000. In comparison to its surrounding areas this is roughly $3,160 (4%) lower.It is approximately $142,500 (65%) lower in comparison to the United States as a whole, and in comparison to the city of Kearney it is approximately $103,900 (58%) lower.
Rents
Merna's median rent is $821 per month. It is roughly $190 (30%) higher compared to its nearby areas.It is about $241 (22%) lower compared to the country as a whole, and in comparison to the city of Kearney it is about $54 (7%) higher.
Nearby places
Broken Bow
Broken Bow is approximately 7 miles southeast of Merna. Real estate prices there are a little more expensive. The price of the median home in Broken Bow is $106,100, which is $31,100 (29%) higher than Merna. The rent there is somewhat less expensive. The median rent in Broken Bow is $638 per month, which works out to $183 (28%) lower than Merna.
Anselmo
Anselmo is about 9 miles northwest of Merna. Housing prices there are substantially less expensive. The median home value in Anselmo is $43,800, which works out to $31,200 (71%) lower than Merna. The rent there is a lot less expensive. The median monthly rent in Anselmo is $531, which comes out to $290 (54%) lower than Merna.
Callaway
Callaway is approximately 14 miles southwest of Merna. The real estate prices there are a little more expensive. The price of the median home in Callaway is $108,800, which works out to $33,800 (31%) higher than Merna. Rent there is substantially less expensive. Callaway's median rent is $587 per month, which comes out to $234 (39%) lower than Merna.
Arnold
Arnold is about 19 miles west of Merna. The real estate prices there are a bit more expensive. The median home price in Arnold is $82,100, which is $7,100 (8%) higher than Merna. Rent there is significantly less expensive. Arnold's median rent is $575 per month, which works out to $246 (42%) lower than Merna.
Sargent
Sargent is about 20 miles northeast of Merna. The real estate prices there are significantly less expensive. Sargent's median home value is $50,000, which works out to $25,000 (50%) lower than Merna. Rents there are fairly similar. Sargent's median rent is $825 a month, which is very similar to Merna.
