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Mercer

Learn about the people, housing, costs and businesses in Mercer, Wisconsin

Median Home$296,800
Population539
Leading IndustriesArts, Food & Hospitality · Public Administration8% arts, food & hospitality
Home Value Growth⬆⬆+20.4% over 2 years
Retirees26% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Mercer
WI

Frequently Asked Questions

What are today's mortgage rates in Mercer?

As of today, the 30-year fixed mortgage rate for Mercer is approximately 6.887% (6.923% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mercer?

The median home value in Mercer is $297k. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mercer?

Home values in Mercer have increased 20.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mercer?

Based on a typical all-in ownership cost of $835/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mercer is $63k/year.

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What industries drive the economy in Mercer?

The largest employment sectors in Mercer are public administration (26%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.