Median home value: $233K (-0.3% YoY). Rent: $1,504/mo. Price-to-rent: 12.9x. Part of Chicago-Naperville-Elgin, IL-IN-WI.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Chicago-Naperville-Elgin, IL-IN-WI metro page.
Home Value$233,252
-0.3%
Rent$1,504/mo
AFFORDABILITYBuying $87/mo cheaper ($1,504 rent)6.00% 30yr, 20% down, county tax + IN ins. 28% per HUD.
Enter your income for Merrillville.
$46,650 on $233,252
Affordable — 22.7% of income
Under the 28% guideline.
PITI$1,417
P/I22.7%
Afford$288K
Room+$55K
P&I $1,119Tax $165Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing