The housing market in Mercersburg, PA is an attractive one for potential homebuyers. The median value for a house in Mercersburg is $247,000 which is significantly lower than the average US median of $338,100. Additionally, the 1 year appreciation rate of 15.01% in Mercersburg is considerably higher than the national rate of 8.27%. This means that purchasing a home in Mercersburg could be a wise choice as it is likely to increase in value at a faster pace than the rest of the country.
The median home cost in Mercersburg is $247,000. Home appreciation the last 10 years has been 58.3%. Home Appreciation in Mercersburg is up 18.0%.
Average Age of Homes
- The median age of Mercersburg real estate is 78 years old
The Rental Market in Mercersburg
- Renters make up 44.0% of the Mercersburg population
- 3.1% of houses and apartments in Mercersburg, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.