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 $145,660, lower than the Pennsylvania average of $222,630.
The average cost of rent is $648/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. While nearly 46.35% of residents own their homes outright in Mercer, 19.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $5,004 per month. Households that rent pay about 12.94% 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
- Pardoe, PA: higher priced homes
- Greenfield, PA: equally priced homes
- Leesburg, PA: higher priced homes
- Fredonia, PA: equally priced homes
- Jackson Center, PA: higher priced homes
- McDowell Corners, PA: higher priced homes
- New Wilmington, PA: higher priced homes
- Volant, PA: higher priced homes
- Grove City, PA: higher priced homes
- Millbrook, PA: equally priced homes
Cities with Similar Populations
- Oakvale, WV: less expensive homes
- Newport Coast, CA: higher priced homes
- Newport, OR: higher priced homes
- Newton Falls, OH: less expensive homes
- Newville, PA: higher priced homes
- Niantic, CT: higher priced homes
- Nine Mile Falls, WA: higher priced homes
- North Chelmsford, MA: higher priced homes
- North Haledon, NJ: higher priced homes
- Norwell, MA: higher priced homes
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