Mercer County, North Dakota Housing Market Prices
Mercer County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 50% above the North Dakota median More expensive than 82% of counties in North Dakota$188,671
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Median rent 8% above the North Dakota median More expensive than 90% of counties in North Dakota$1,030
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mercer County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,671 | $125,877 | $248,835 |
| Price Trend (Annual %) | 3.9% | 0.5% | 7.5% |
| Median Gross Rent | $1,030 | $953 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mercer County is about 50% higher than in North Dakota. Rent is about 8% higher than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mercer County, up about 3.9% and 5.0% a year respectively. Rent is changing faster.
Median rent in Mercer County rose about 46.1% between 2015 and 2024, from $705 to $1,030. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Mercer County.
Buying the median-priced home in Mercer County costs roughly 15.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mercer County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Mercer County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $188,671 | $125,877 | $248,835 |
| Median Household Income | $83,349 | $76,862 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mercer County rose about 540.6%, while median household income rose about 45.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mercer County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 55.2% | 58.5% |
| Rental Rate | 14.6% | 32.6% | 31.2% |
| Vacancy Rate | 23.0% | 12.3% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Mercer County has a homeownership rate of 62.4%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 23.0%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Mercer County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1979 | 1984 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Mercer County was built around 1979. On average, 2.3 people live in a home with about 6.2 rooms, staying for about 16.0 years on average.
Mercer County, ND Housing Compared With Nearby Counties
How Mercer County, ND compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mercer County, ND | 8,337 | $188,671 #1/3 | $1,030 #3/3 | 81.1% #1/3 |
| Morton County, ND | 33,777 | $22,250 | $1,076 | 74.2% |
| Ward County, ND | 68,973 | $49,999 | $1,047 | 60.8% |
Frequently Asked Questions
Common questions about the housing market in Mercer County, North Dakota.
What is the median home price in Mercer County, North Dakota?
The median home price in Mercer County, North Dakota is $188,671, higher than the North Dakota average of $125,877.
What is the average home price in Mercer County, North Dakota?
The typical home price in Mercer County, North Dakota, reported as the median sale price, is $188,671. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mercer County, North Dakota?
The median gross rent in Mercer County, North Dakota is $1,030 per month, higher than the North Dakota average of $953.
What was the median gross rent in Mercer County in 2020?
In 2020, the median gross rent in Mercer County, North Dakota was $811 per month.
What is the price-to-rent ratio in Mercer County, North Dakota?
The price-to-rent ratio in Mercer County, North Dakota is about 15.3, meaning it would take roughly 15.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mercer County.
Are home prices or rent rising faster in Mercer County, North Dakota?
Both home prices and rent are rising in Mercer County, up about 3.9% and 5.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Mercer County, North Dakota?
62.4% of households in Mercer County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Mercer County, North Dakota?
The housing vacancy rate in Mercer County, North Dakota is 23.0%, higher than the North Dakota average of 12.3%.
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