Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mercedes area can be challenging. Home prices in Mercedes are now at a median cost of $75,725, lower than the Texas average of $235,268.
The average cost of rent is $638/mo in Mercedes, primarily driven by the current value of real estate in the Mercedes area. While nearly 66.87% of residents own their homes outright in Mercedes, 22.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercedes is $3,533 per month. Households that rent pay about 18.05% of their income on rent here. Mercedes's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Rio Rico, TX: less expensive homes
- Weslaco, TX: higher priced homes
- Solis, TX: higher priced homes
- Bixby, TX: equally priced homes
- Progreso, TX: higher priced homes
- Midway South, TX: higher priced homes
- Relampago, TX: less expensive homes
- Midway North, TX: higher priced homes
- La Feria, TX: higher priced homes
- Laguna Seca, TX: equally priced homes
Cities with Similar Populations
- Southlake, TX: higher priced homes
- Dawsonville, GA: higher priced homes
- East Wenatchee, WA: higher priced homes
- Englewood, FL: higher priced homes
- Foothill Farms, CA: higher priced homes
- Fruit Cove, FL: higher priced homes
- Galesburg, IL: higher priced homes
- Garfield, NJ: higher priced homes
- Locust Grove, GA: higher priced homes
- Quakertown, PA: higher priced homes
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