Home prices
The cost of the median home in Mercer is $112,700. This is approximately $32,560 (22%) lower compared to its nearby areas.In comparison to the rest of the country it is about $104,800 (48%) lower, and it is about $12,300 (9%) lower compared to the city of Pittsburgh.
Rents
Mercer's median monthly rent is $584. This is about $244 (29%) lower in comparison to its nearby areas.Compared to the United States as a whole it is about $478 (45%) lower, and it is roughly $374 (39%) lower compared to the city of Pittsburgh.
Nearby places
Lake Latonka
Lake Latonka is roughly 4 miles northeast from Mercer. The housing prices there are significantly more expensive. The median home in Lake Latonka costs $242,700, which comes out to $130,000 (53%) higher than Mercer. Rent there is a lot more expensive. Lake Latonka's median monthly rent is $1,396, which works out to $812 (58%) higher than Mercer.
Fredonia
Fredonia is about 6 miles north from Mercer. The housing prices there are significantly less expensive. The median home in Fredonia costs $79,700, which is $33,000 (41%) lower than Mercer. Rent there is a bit less expensive. The median rent in Fredonia is $500 per month, which comes out to $84 (16%) lower than Mercer.
Volant
Volant is roughly 7 miles south from Mercer. The housing prices there are a little less expensive. The median home value in Volant is $103,600, which is $9,100 (8%) lower than Mercer. Rents there are somewhat more expensive. In Volant the median rent is $717 per month, which is $133 (18%) higher than Mercer.
Grove City
Grove City is about 8 miles southeast from Mercer. Housing prices there are somewhat more expensive. The median home in Grove City is valued at $126,500, which works out to $13,800 (10%) higher than Mercer. Rent there is a bit more expensive. The median rent in Grove City is $726 a month, which works out to $142 (19%) higher than Mercer.
New Wilmington
New Wilmington is approximately 8 miles southwest of Mercer. The real estate prices there are substantially more expensive. The median home value in New Wilmington is $173,800, which is $61,100 (35%) higher than Mercer. Its rents are somewhat more expensive. New Wilmington's median monthly rent is $800, which is $216 (27%) higher than Mercer.
