Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$233,278+5.1% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 10% have cut their price
Income needed to buy, per year$50,570About 0.5× the local median income ($93,154): affordable for a typical household
Days on market50 daysFaster than a year ago: sellers have the edge
The typical home in Mercer County, ND is worth $233,278, up 5.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $250,200, so the area is 6.8% undervalued. It is a seller's market: homes take about 50 days to sell, listings are down 10% from a year ago, 10% of listings have had a price cut. A household needs about $50,570 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,154. In the latest IRS figures, 50 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$233,278
Change in 1 year
+5.1%
Overvalued %
−6.8%
Show 6 more
Fair home value
$250,200
Change in 5 years
+17.7%
Home value to income
2.5×
Monthly mortgage payment (20% down)
$1,264
Income needed to afford it
$50,570
Property tax rate
1.10%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,290
Market activity
Listings vs a year ago
−9.5%
Days on market
50
Listings with a price cut
10.0%
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Homes for sale
19
Pending sales per 100 listings
37
Asking price per sq ft
$124
People and jobs
Median household income
$93,154
Population change (1 year)
+1.1%
Unemployment rate
2.5%
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Population
8,441
Income adjusted for cost of living
$106,706
Net moves in (IRS)
+50
Cost of living (US = 100)
87.3
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
13.9
Unhealthy air days a year
10
Show 4 more
Flood risk score
16.4
Wildfire risk score
61.6
Walkability (1 to 20)
6.7
Road, rail and air noise
52 dB
Questions people ask
Is Mercer County, ND overvalued?
Home prices in Mercer County, ND are slightly below what local incomes have historically supported: fair value is about $250,200, so the area is 6.8% undervalued.
Is Mercer County, ND a buyer's or seller's market?
Mercer County, ND is a seller's market: homes take about 50 days to sell, listings are down 10% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Mercer County, ND?
Home values in Mercer County, ND are up 5.1% over the last year.
How much do you need to earn to buy a home in Mercer County, ND?
A household needs about $50,570 a year to afford the typical home in Mercer County, ND at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $93,154.