Mercer, TN is an area of great potential when it comes to housing. The median value of housing in the area is $139,800, which is significantly lower than the US median value of $338,100. This means that home buyers can get a lot more bang for their buck when choosing Mercer as a place to live. Furthermore, Mercer's one year house appreciation rate was 19.25%, much higher than the US rate at 8.27%. This indicates that investing in Mercer's housing market now could be a smart move and might lead to future returns. With its lower median values and high appreciation rate, Mercer offers some true potential for those looking for new homes or even investment opportunities.
The median home cost in Mercer (zip 38392) is $139,800. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Mercer (zip 38392) is up 24.9%.
Average Age of Homes
- The median age of Mercer (zip 38392) real estate is 36 years old
The Rental Market in Mercer (zip 38392)
- Renters make up 4.1% of the Mercer (zip 38392) population
- 0.0% of houses and apartments in Mercer (zip 38392), 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.