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 $251,446, higher than the Wisconsin average of $220,185.
The average cost of rent is $696/mo in Mercer, primarily driven by the current value of real estate in the Mercer area. While nearly 50.03% of residents own their homes outright in Mercer, 12.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer is $4,597 per month. Households that rent pay about 15.13% of their income on rent here. Mercer's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Pine Lake, WI: equally priced homes
- Winchester, WI: higher priced homes
- Manitowish Waters, WI: higher priced homes
- Powell, WI: less expensive homes
- Springstead, WI: equally priced homes
- Van Buskirk, WI: less expensive homes
- Presque Isle, WI: higher priced homes
- Lac Du Flambeau, WI: equally priced homes
- Iron Belt, WI: less expensive homes
- Gile, WI: less expensive homes
Cities with Similar Populations
- Silk Hope, NC: equally priced homes
- Fort Thompson, SD: less expensive homes
- Frederic, MI: less expensive homes
- Frierson, LA: less expensive homes
- George, IA: less expensive homes
- Germantown, KY: less expensive homes
- Gibbon, MN: less expensive homes
- Girardville, PA: less expensive homes
- Gleason, WI: less expensive homes
- Harned, KY: less expensive homes
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