Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mercer area can be challenging. Home prices in Mercer are now at a median cost of $79,113, lower than the Missouri average of $194,908.
The average cost of rent is $376/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. While nearly 72.04% of residents own their homes outright in Mercer, 24.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $3,279 per month. Households that rent pay about 11.47% of their income on rent here. Mercer's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Lineville, IA: higher priced homes
- Ravanna, MO: higher priced homes
- Saline, MO: equally priced homes
- Princeton, MO: higher priced homes
- Clio, IA: higher priced homes
- Pleasanton, IA: equally priced homes
- Woodland, IA: higher priced homes
- Mill Grove, MO: equally priced homes
- Cainsville, MO: less expensive homes
- Newtown, MO: equally priced homes
Cities with Similar Populations
- Shoals Junction, SC: higher priced homes
- Kay Bee Heights, TX: higher priced homes
- Kenwood, OK: higher priced homes
- Ketchums Corner, NY: higher priced homes
- Kingstown, NC: higher priced homes
- Knollwood, TX: higher priced homes
- Lanark, TX: less expensive homes
- Langston, MI: higher priced homes
- Lawler, IA: higher priced homes
- Leadington, MO: higher priced homes
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