Much like nearby areas, it's significantly less expensive compared to the entire country. Compared to the city of Chicago, it is substantially less expensive.
Home prices
The cost of the median home in Merrionette Park is $127,700. It is about $6,380 (4%) lower in comparison to other places in this area.In comparison to the nation as a whole it is approximately $89,800 (41%) lower, and in comparison to the city of Chicago it is approximately $130,300 (50%) lower.
Rents
The median monthly rent in Merrionette Park is $978. In comparison to other places in this area it is approximately $11 (1%) higher.It is about $84 (7%) lower compared to the rest of the country, and in comparison to the city of Chicago it is about $134 (12%) lower.
Nearby places
Alsip
Alsip is Merrionette Park's neighbor to the southwest. Real estate prices there are somewhat more expensive. The median home in Alsip is valued at $171,400, which is $43,700 (25%) higher than Merrionette Park. Its rents are fairly similar. Alsip's median rent is $961 a month, which works out to $17 (1%) lower than Merrionette Park.
Blue Island
Blue Island is Merrionette Park's neighbor to the southeast. Its housing prices are similar. Blue Island's median home price is $122,700, which is $5,000 (4%) lower than Merrionette Park. The rent there is a little less expensive. The median rent in Blue Island is $867 per month, which comes out to $111 (12%) lower than Merrionette Park.
Calumet Park
Calumet Park is about 2 miles southeast of Merrionette Park. The real estate prices there are a bit less expensive. The median home in Calumet Park costs $106,600, which comes out to $21,100 (19%) lower than Merrionette Park. Rent there is somewhat less expensive. Calumet Park's median rent is $929 per month, which works out to $49 (5%) lower than Merrionette Park.
Robbins
Robbins is approximately 2 miles south from Merrionette Park. Its housing prices are a lot less expensive. The price of the median home in Robbins is $76,400, which is $51,300 (67%) lower than Merrionette Park. Rents there are a bit less expensive. In Robbins the median monthly rent is $894, which comes out to $84 (9%) lower than Merrionette Park.
Evergreen Park
Evergreen Park is approximately 2 miles north from Merrionette Park. Its housing prices are substantially more expensive. The cost of the median home in Evergreen Park is $193,300, which works out to $65,600 (33%) higher than Merrionette Park. Rents there are somewhat more expensive. The median rent in Evergreen Park is $1,182 a month, which comes out to $204 (17%) higher than Merrionette Park.
