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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 Type0%
One Bedroom7.50%
Two Bedrooms37.70%
Three Bedrooms39.60%
Four Bedrooms11.30%
Five Bedrooms or more3.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1957
Median Value of occupied units$29,600
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size1.5
Median year structure was built1960

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan4.70%
Simple Mortgage14%
Debt Free81.40%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs11.3%