Home prices
The median home in Merkel is valued at $63,100. It is about $51,420 (44%) lower compared to nearby areas.Compared to the entire nation it is about $154,400 (70%) lower, and is approximately $57,300 (47%) lower compared to the city of Abilene.
Rents
Merkel's median monthly rent is $633. In comparison to its nearby areas this is approximately $191 (23%) lower.It is roughly $429 (40%) lower in comparison to the entire country, and compared to the city of Abilene is approximately $291 (31%) lower.
Nearby places
Trent
Trent is roughly 5 miles west of Merkel. Real estate prices there are a bit less expensive. Trent's median home value is $55,000, which comes out to $8,100 (14%) lower than Merkel. Rents there are similar. In Trent the median monthly rent is $622, which works out to $11 (1%) lower than Merkel.
Tye
Tye is about 7 miles east of Merkel. Its housing prices are a little more expensive. The median home in Tye costs $68,100, which works out to $5,000 (7%) higher than Merkel. Rent there is a little more expensive. In Tye the median rent is $857 a month, which is $224 (26%) higher than Merkel.
Hawley
Hawley is approximately 14 miles northeast of Merkel. The real estate prices there are a little more expensive. The median home in Hawley is valued at $82,300, which comes out to $19,200 (23%) higher than Merkel. Rents there are somewhat more expensive. The median rent in Hawley is $763 per month, which works out to $130 (17%) higher than Merkel.
Buffalo Gap
Buffalo Gap is roughly 16 miles southeast of Merkel. Housing prices there are a lot more expensive. The median home in Buffalo Gap costs $152,300, which works out to $89,200 (58%) higher than Merkel. Rents there are a bit more expensive. The median monthly rent in Buffalo Gap is $693, which is $60 (8%) higher than Merkel.
Potosi
Potosi is roughly 19 miles southeast of Merkel. Housing prices there are substantially more expensive. The price of the median home in Potosi is $214,900, which is $151,800 (70%) higher than Merkel. The rent there is a lot more expensive. Potosi's median rent is $1,184 per month, which works out to $551 (46%) higher than Merkel.
