Mercer, ND is a great place for those interested in buying a home. The median value of housing in Mercer, ND is $202,400 which is significantly lower than the US median house value of $338,100. Over the past year, the US median house appreciation rate was 8.27% while the 1 year appreciation rate in Mercer, ND was 6.75%. This means that those looking to buy a home in Mercer will have an opportunity to enjoy appreciation of their property at rates similar to the US average.
The median home cost in Mercer is $202,400. Home appreciation the last 10 years has been 60.8%. Home Appreciation in Mercer is up 10.9%.
Average Age of Homes
- The median age of Mercer real estate is 52 years old
The Rental Market in Mercer
- Renters make up 3.8% 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.