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Merritt Park

Learn about the people, housing, costs and businesses in Merritt Park, New York

Median Home$465,100
Median Rent$1,518/month
Population1,502
Leading IndustriesEducation · Public Administration · Manufacturing6% education
Home Value Growth+8.0% over 2 years
Retirees27% of residentsabove average nationally
Homeowners84% of occupied units
NotableHighly Educated27% bachelor's · 14% graduate · top 14% nationally
NotableHigh Incomes$97k/year · top 19% nationally
Merritt Park
NY

Frequently Asked Questions

What are today's mortgage rates in Merritt Park?

As of today, the 30-year fixed mortgage rate for Merritt Park is approximately 6.860% (6.895% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Merritt Park?

The median home value in Merritt Park is $465k. The median monthly rent is $1,518. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Merritt Park?

Home values in Merritt Park have increased 8.0% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Merritt Park?

Based on a typical all-in ownership cost of $2,389/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $102k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Merritt Park is $97k/year.

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What industries drive the economy in Merritt Park?

The largest employment sectors in Merritt Park are public administration (35%) and healthcare (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.