Mercedes, TX Real Estate
According to census data in the year 2000 there were 5,452 housing units in Mercedes.
This represents a 34.9% growth from 4,042 in 1990.
Of those housing units, 5,452 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mercedes is about 62.7%.
Mercedes's vacancy rate, including seasonal lodging, is about 24.7%.
Average household size is 3.38 people.
The majority of houses, apartments or condos in Mercedes were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.30% |
| One Bedroom | 18.90% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 33.60% |
| Four Bedrooms | 7.40% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.26 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $40,100 |
| Median Price asked for vacant units | $12,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.58 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $198 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 0.40% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 34.90% |
| Debt Free | 61.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
