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Affordable
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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 $98,143, lower than the Tennessee average of $315,131.
The average cost of rent is $1,085/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. In Mercer, 15.43% of households rent, and 63.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $6,313 per month. Households that rent pay about 17.19% of their income on rent here. Mercer’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Uptonville, TN: less expensive homes
- Leighton, TN: equally priced homes
- Denmark, TN: higher priced homes
- Vildo, TN: equally priced homes
- Woodland, TN: higher priced homes
- Hillville, TN: higher priced homes
- Fayette Corners, TN: equally priced homes
- Teague, TN: higher priced homes
- Toone, TN: higher priced homes
- Eurekaton, TN: higher priced homes
Cities with Similar Populations
- Junior, WV: higher priced homes
- Shawnee On Delaware, PA: higher priced homes
- Shacktown, NC: higher priced homes
- Lancaster, KS: higher priced homes
- Komensky, MN: higher priced homes
- Kingsville, WV: higher priced homes
- Kingsburg, SC: higher priced homes
- Kenefic, OK: higher priced homes
- Kelsey, CA: higher priced homes
- Keene, NY: higher priced homes
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