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Mercer County Housing Market

North Dakota · 53 counties · Ranked #1859 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$196,200

vs national$196,200 vs $281,900 national

Median Gross Rent

$1,043/mo

vs national$1,043 vs $1,163 national

Effective Tax Rate

1.07%

vs national+1.07% vs 1.02% national

Median Household Income

$79,405

vs national+$79,405 vs $74,755 national

Affordability Ratio

2.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,101

Tax as % of Home Value

1.07%

Monthly Owner Cost

$794

Renter Income

$45,278

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Frequently Asked Questions

What is the median home value in Mercer County?

The median home value in Mercer County is $196,200. This is below the national median of $281,900.

How much is rent in Mercer County?

The median gross rent in Mercer County is $1,043 per month.

What is the property tax rate in Mercer County?

The effective property tax rate in Mercer County is 1.07%. The median annual property tax bill is $2,101.

Is Mercer County affordable?

With a home-value-to-income ratio of 2.5x, Mercer County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.