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These days, finding an affordable place to live in the Mercerville area can be challenging. Home prices in Mercerville are now at a median cost of $348,849, lower than the New Jersey average of $496,577.
The average cost of rent is $1,711/mo in Mercerville, primarily driven by the current value of real estate in the Mercerville area. In Mercerville, 15.11% of households rent, and 27.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mercerville is $10,227 per month. Households that rent pay about 16.73% of their income on rent here. Mercerville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hamilton Square, NJ: higher priced homes
- Trenton, NJ: less expensive homes
- White Horse, NJ: less expensive homes
- Yardville, NJ: equally priced homes
- Princeton Junction, NJ: higher priced homes
- Windsor, NJ: higher priced homes
- Penns Neck, NJ: higher priced homes
- Crosswicks, NJ: higher priced homes
- Fieldsboro, NJ: equally priced homes
- Bordentown, NJ: higher priced homes
Cities with Similar Populations
- Platteville, WI: less expensive homes
- Northlake, IL: less expensive homes
- Oakland, NJ: higher priced homes
- Patchogue, NY: higher priced homes
- Pella, IA: less expensive homes
- Piedmont, OK: less expensive homes
- Pinson, AL: less expensive homes
- Plainwell, MI: less expensive homes
- Plano, IL: less expensive homes
- North Valley Stream, NY: higher priced homes
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