The housing market in Mercer borough, PA is thriving with a median value of $184,100 compared to the US median value of $338,100. Additionally, Mercer Borough experienced a 1 year House Appreciation rate of 10.29%, significantly higher than the 8.27% increase seen in the US overall. This shows that homes in Mercer Borough are becoming increasingly valuable at a faster rate than other locations in the US, making it an attractive place for those looking to purchase real estate.
The median home cost in Mercer is $184,100. Home appreciation the last 10 years has been 57.9%. Home Appreciation in Mercer is up 15.7%.
Average Age of Homes
- The median age of Mercer real estate is 68 years old
The Rental Market in Mercer
- Renters make up 35.4% 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.