Mercer, ND Real Estate
According to census data in the year 2000 there were 53 housing units in Mercer.
This represents a 7% decline from 57 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 53 were located in what is classified as a rural area.
Homeownership rate in Mercer is about 92.2%.
Mercer's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 1.86 people.
The majority of houses, apartments or condos in Mercer were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.50% |
| Two Bedrooms | 37.70% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 11.30% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $29,600 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.5 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 14% |
| Debt Free | 81.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.3% |
