Home

Mercer, PA Real Estate


According to census data in the year 2000 there were 1,086 housing units in Mercer. This represents a 4.1% growth from 1,043 in 1990.

Of those housing units, 1,086 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Mercer is about 58.4%. Mercer's vacancy rate, including seasonal lodging, is about 6.1%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Mercer were built after 1946.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom17.70%
Two Bedrooms29.70%
Three Bedrooms37.30%
Four Bedrooms13.10%
Five Bedrooms or more1.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1939
Median Value of occupied units$76,300
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1956
Median Monthly Rent asked for vacant units$279

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan7.30%
Simple Mortgage41.70%
Debt Free46.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%