Home prices
The median home in Merton is valued at $448,600. Compared to nearby areas it is roughly $182,240 (28%) lower.Compared to the US as a whole it is about $231,100 (106%) higher, and is roughly $190,600 (73%) higher in comparison to the city of Chicago.
Rents
Merton's median monthly rent is $983. This is about $221 (18%) lower in comparison to its nearby areas.It is about $79 (7%) lower in comparison to the US as a whole, and compared to the city of Chicago is approximately $129 (11%) lower.
Nearby places
Hartland
Hartland is roughly 2 miles southwest of Merton. Real estate prices there are substantially less expensive. The median home in Hartland costs $292,500, which works out to $156,100 (53%) lower than Merton. The rent there is a bit more expensive. Hartland's median rent is $1,044 per month, which works out to $61 (5%) higher than Merton.
Chenequa
Chenequa is approximately 3 miles west from Merton. The real estate prices there are substantially more expensive. The price of the median home in Chenequa is $1,892,900, which comes out to $1,444,300 (76%) higher than Merton. The rent there is substantially more expensive. The median rent in Chenequa is $1,458 a month, which is $475 (32%) higher than Merton.
Sussex
Sussex is approximately 3 miles east from Merton. The housing prices there are a lot less expensive. The median home in Sussex costs $286,300, which is $162,300 (56%) lower than Merton. The rent there is fairly similar. Sussex's median monthly rent is $987, which is very similar to Merton.
Nashotah
Nashotah is roughly 5 miles southwest from Merton. Its real estate prices are somewhat less expensive. The value of the median home in Nashotah is $367,200, which comes out to $81,400 (22%) lower than Merton. Its rents are a bit more expensive. The median monthly rent in Nashotah is $1,193, which comes out to $210 (17%) higher than Merton.
Pewaukee
Pewaukee is roughly 5 miles southeast of Merton. The housing prices there are a lot less expensive. The cost of the median home in Pewaukee is $315,300, which works out to $133,300 (42%) lower than Merton. Rents there are somewhat more expensive. Pewaukee's median monthly rent is $1,338, which comes out to $355 (26%) higher than Merton.
