
Home Price Key
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 $163,150, lower than the Ohio average of $181,280.
The average cost of rent is $599/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. While nearly 52.60% of residents own their homes outright in Mercer, 8.29% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $5,003 per month. Households that rent pay about 11.97% of their income on rent here. Mercer's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Mendon, OH: less expensive homes
- Tama, OH: higher priced homes
- Rockford, OH: less expensive homes
- Erastus, OH: equally priced homes
- Neptune, OH: higher priced homes
- Dull, OH: less expensive homes
- Elgin, OH: less expensive homes
- Celina, OH: equally priced homes
- Monticello, OH: equally priced homes
- Ohio City, OH: less expensive homes
Cities with Similar Populations
- Akaska, SD: less expensive homes
- Providence, VA: less expensive homes
- Queens, WV: less expensive homes
- Queen Valley, AZ: higher priced homes
- Queen City, PA: higher priced homes
- Quebec, NC: equally priced homes
- Quaker Hill, NY: higher priced homes
- Pyrra, PA: equally priced homes
- Pyote, TX: less expensive homes
- Purdy, WI: higher priced homes
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