October's First-Time Homebuyer Report for Mercersburg

With 1,561 residents, Mercersburg is an average-sized city in Pennsylvania. Also, with a 3.0% increase over the last 10 years, its population is growing faster than other parts of the state. Mercersburg is made up of homes that are older than most with a median of 73 years. Leading the list of top schools in the city are Montgomery Elementary School and James Buchanan Middle School.

Price Range

Homes in Mercersburg are generally more expensive than others in the state with a median home value of $145,500 and an average list price of $183,075. The Mercersburg market is currently in the middle of an extended upward sales trend, even as sales fell to three homes sold over the last 30 days.

Out of all the listings in Mercersburg, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$139K   $169K   $179K  

Typical Dwelling

The typical dwelling in Mercersburg is a four-bedroom detached home worth about $185,617. To purchase a similar home, a buyer with good credit and a $37,123 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,041 monthly payment. The property tax rate is $12.07 per $1,000 of taxable assessed value.

Get started right now by checking out Mercersburg homes for sale or reviewing Mercersburg real estate trends.


Data reported through 10/13/2016

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