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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 $258,623, higher than the Nebraska average of $252,353.
The average cost of rent is $1,037/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. In Mercer, 27.73% of households rent, and 43.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $7,315 per month. Households that rent pay about 14.17% of their income on rent here. Mercer’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fremont, NE: less expensive homes
- Inglewood, NE: equally priced homes
- Arlington, NE: higher priced homes
- Leshara, NE: higher priced homes
- Valley, NE: higher priced homes
- Nickerson, NE: less expensive homes
- King Lake, NE: higher priced homes
- Cedar Bluffs, NE: less expensive homes
- Yutan, NE: equally priced homes
- Washington, NE: higher priced homes
Cities with Similar Populations
- Zenoria, LA: less expensive homes
- Pleasant Grove, NC: less expensive homes
- Poplar Grove, PA: higher priced homes
- Poplar Beach, NY: less expensive homes
- Pontoon, AR: less expensive homes
- Pondfork, MO: less expensive homes
- Pond Settlement, NY: less expensive homes
- Pointers, NJ: equally priced homes
- Pointe Aux Barques, MI: less expensive homes
- Pleasure Beach, CT: higher priced homes
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