Living in Mercer, ND
Mercer, ND is a peaceful small town offering a serene lifestyle surrounded by beautiful landscapes. Residents enjoy access to local amenities and outdoor activities. The community's close-knit atmosphere makes it ideal for families looking for a tranquil living environment.
Current Market Conditions in Mercer, ND
The real estate market in Mercer, ND is currently favorable for both buyers and investors, with a variety of properties available at competitive prices. Recent trends indicate gradual appreciation in property values, driven by the area's attractive lifestyle and growing interest among new residents.
Investors can find opportunities in both residential and recreational properties, as the town's amenities and natural surroundings continue to draw interest from those seeking vacation homes or permanent residences in a peaceful setting.
Home Value Estimator For Mercer, ND
There are currently 36 real estate properties
in Mercer, ND,
with a median automated valuation model (AVM) price
of $179,048.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mercer, ND, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mercer, ND,
is $213,123.00, with the most expensive house
in Mercer, ND, topping out
at $955,909.00 and the cheapest home
in Mercer, ND,
clocking in at $38,467.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mercer, ND!
Rent Prices
In Mercer, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mercer, ND, is on
a rollercoaster ride. The
average rent price in Mercer, ND,
is $984.00. Indeed, when looking to rent in
Mercer, ND, you can expect to pay as little
as $750.00 or as much
as $1,820.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Mercer, ND
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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