Mercer, WI
Full City Profile · Wisconsin · Iron County County
3.5
/5.0
B+
Good
539
Population
121/sq mi density
$51,528
Median Income
$32,936 per capita
$209,100
Home Value
$316,652 Zillow
$525
Median Rent
26.9% income on rent
40°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$51,528 median income, 0.0% unemployment
A
Affordability
4.4 / 5.0
$209,100 home value, $525/mo rent
C
Education
2.3 / 5.0
16.1% bachelor's degree or higher
Housing Overview
Median Home Value
$209,100
26% below
US avg: $281,900
Median Rent
$525/mo
55% below
US avg: $1,163/mo
Homeownership Rate
71.5%
9% above US avg (65.4%)
Total Housing Units
569
Median year built: 1973
Home Value by Source
Census Median
$209,100
Zillow (ZHVI)
$316,652
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.5%
Owner-Occupied
28.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$797/mo
1 Bedroom
$872/mo
2 Bedroom
$1,097/mo
3 Bedroom
$1,405/mo
4 Bedroom
$1,572/mo
Census median rent:
$525/mo
Affordability & Housing Stock
Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1973
Average age of housing stock: 53 years
Homeownership Rate
71.5%
Complete Housing Data
Home Values
| Census Median Value | $209,100 |
| Zillow Home Value (ZHVI) | $316,652 |
Rent
| Census Median Rent | $525 |
| FMR Studio | $797 |
| FMR 1-Bedroom | $872 |
| FMR 2-Bedroom | $1,097 |
| FMR 3-Bedroom | $1,405 |
| FMR 4-Bedroom | $1,572 |
Market
Ownership & Stock
| Owner-Occupied | 71.5% |
| Renter-Occupied | 28.5% |
| Homeownership Rate | 71.5% |
| Total Housing Units | 569 |
| Median Year Built | 1973 |
| Rent Burden | 26.9% |