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 $88,961, lower than the North Carolina average of $226,477.
The average cost of rent is $698/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. While nearly 42.75% of residents own their homes outright in Mercer, 24.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $3,960 per month. Households that rent pay about 17.62% of their income on rent here. Mercer's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- St. Lewis, NC: higher priced homes
- Pinetops, NC: equally priced homes
- Wiggins Crossroads, NC: equally priced homes
- Sharpsburg, NC: higher priced homes
- Wilbanks, NC: higher priced homes
- Macclesfield, NC: higher priced homes
- Rocky Mount, NC: higher priced homes
- Tarboro, NC: higher priced homes
- Dortches, NC: higher priced homes
- Old Sparta, NC: equally priced homes
Cities with Similar Populations
- West Milton, PA: higher priced homes
- Lands End, SC: higher priced homes
- Lanford, SC: equally priced homes
- Lashmeet, WV: less expensive homes
- Lawrence, WI: higher priced homes
- Leroy, OK: higher priced homes
- Liberty Hill, SC: higher priced homes
- Lisbon, IL: higher priced homes
- Willow River, MN: higher priced homes
- Williston, OH: higher priced homes
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