Mercer County, IL Housing

The housing market in Mercer, IL County is doing very well. The median value of homes in the area is $133,000 which is lower than the national median value of $338,100. This makes Mercer, IL County an attractive market for potential buyers looking for more affordable housing options. Additionally, the 1 year house appreciation rate in Mercer is 8.64%, higher than the national average of 8.27%. This suggests that the housing market in Mercer is continuing to be a strong investment and experience increasing value over time.

The median home cost in Mercer County is $133,000. Home appreciation the last 10 years has been 32.4%. Home Appreciation in Mercer County is up 8.5%.

Average Age of Homes

- The median age of Mercer County real estate is 61 years old

The Rental Market in Mercer County

- Renters make up 19.8% of the Mercer County population
- 1.7% of houses and apartments in Mercer County, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mercer, Illinois	United States
	7,299.0	139,647,020.0
	63	42
	$133,000	$338,100
	8.5%	16.6%
	28.7%	57.0%
	32.4%	101.1%
	$21.26	$10.98
	$2,472	$2,690
	67.9%	57.4%
	13.2%	11.2%
	18.9%	31.4%
Vacant Housing
	1.7%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.1%	0.4%
	0.3%	3.6%
	10.8%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	4.9%	2.4%
	6.7%	2.8%
	12.9%	3.9%
	12.6%	4.5%
	23.5%	11.3%
	16.5%	13.0%
	14.7%	20.1%
	3.0%	13.6%
	0.6%	8.3%
	1.5%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	8.1%	13.6%
	4.4%	13.2%
	17.6%	14.8%
	8.1%	13.6%
	10.8%	10.0%
	6.9%	4.7%
	34.8%	12.2%

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