Mercedes, TX is a great place to live with an attractive median house value of $103,500. This is significantly lower than the US median value of $338,100 and makes Mercedes a more affordable option for many potential homeowners. In addition, the 1 year appreciation rate on homes in Mercedes has been 14.13%, which is much higher than the 8.27% national appreciation rate, making Mercedes an ideal choice for real estate investors looking to capitalize on positive returns.
The median home cost in Mercedes is $103,500. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Mercedes is up 23.4%.
Average Age of Homes
- The median age of Mercedes real estate is 31 years old
The Rental Market in Mercedes
- Renters make up 32.6% of the Mercedes population
- 3.3% of houses and apartments in Mercedes, 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.