Mercerville, NJ is a great place to invest in housing. The median value of housing in the area is $317,700, which is slightly lower than the US House median value of $338,100. However, according to recent data, the 1 year house appreciation rate for Mercerville is 15.39%, which is higher than the US average of 8.27%. This makes investing in housing in Mercerville an attractive option for those looking to make long term investments with good returns.
The median home cost in Mercerville is $317,700. Home appreciation the last 10 years has been 62.8%. Home Appreciation in Mercerville is up 19.5%.
Average Age of Homes
- The median age of Mercerville real estate is 57 years old
The Rental Market in Mercerville
- Renters make up 16.5% of the Mercerville population
- 0.0% of houses and apartments in Mercerville, 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.