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 Type | 0.80% |
| One Bedroom | 17.70% |
| Two Bedrooms | 29.70% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $76,300 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $279 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 41.70% |
| Debt Free | 46.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
