The housing market in Mercer, MO County is booming! The median value of a house is $121,800, which is much lower than the US House Median Value of $338,100. This makes it an attractive option for home buyers looking to get a good deal. Moreover, the one year house appreciation rate has been 10.43%, higher than the US average of 8.27%. This indicates that housing prices are on the rise in Mercer and make now a great time to invest in property there.
The median home cost in Mercer County is $121,800. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Mercer County is up 17.1%.
Average Age of Homes
- The median age of Mercer County real estate is 48 years old
The Rental Market in Mercer County
- Renters make up 18.7% of the Mercer County population
- 0.9% 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.