The housing market in Mercer, MO is doing quite well. The median value for homes in the area is $ 84,600, a fraction of the US median value of $338,100. In addition to its affordability, the one-year appreciation rate for homes in Mercer, MO is 13.45%, much higher than the national average of 8.27%. This makes Mercer a desirable area for both homebuyers and investors alike as homes are more accessible and can offer greater potential for profits down the line.
The median home cost in Mercer is $84,600. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Mercer is up 17.1%.
Average Age of Homes
- The median age of Mercer real estate is 53 years old
The Rental Market in Mercer
- Renters make up 19.5% 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.