Home Values

Mercer Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

Foreclosures will be a factor impacting home values in the next several years. In Mercer 40.7 homes are foreclosed (per 10,000). This is greater than the Jackson Metro value of 7.3 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Mercer is 0.0%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Mercer homeowners underwater on their mortgage is 11.4%, which is lower than Jackson Metro at 26.1%.

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Relative ZHVI
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Mercer Market Overview

  • No data
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Mercer Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 11.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

40.7 homes(Dec 31, 2011) Mercer
7.3 homes Jackson Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Three Way $138,100
Jackson $90,400
Pinson $80,600
Name Median ZHVI
Medon $76,200
Denmark $73,800
Whiteville $70,100
Name Median ZHVI
Bells $67,400
Gadsden $67,400
Bolivar $51,700

Listings & Sales

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Mercer Rentals

Data through Feb 28, 2015
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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