Mercer, ME is a great place to buy real estate, with a median house value of $217,800 that is significantly lower than the US median house value of $338,100. What's more, the one year appreciation of housing in Mercer is 16.46%, which far surpasses the US average appreciation rate of 8.27%. This makes Mercer an excellent investment for those looking to purchase a home and benefit from long-term growth potential.
The median home cost in Mercer is $217,800. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Mercer is up 20.6%.
Average Age of Homes
- The median age of Mercer real estate is 38 years old
The Rental Market in Mercer
- Renters make up 7.7% of the Mercer population
- 0.0% of houses and apartments in Mercer, 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.