Skip main navigation

Mercer, TN Housing Market

$185,498

2.8% 1-yr

The average Mercer, TN home value is $185,498, down 2.8% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Mercer Key Takeaways

Typical Home Values: $185,498

1-year Value Change: -2.8%

(Data through August 31, 2025)

Mercer Housing Market Overview

--1-year Market Forecast
--For sale inventory(August 31, 2025)
--New listings(August 31, 2025)
--Median sale to list ratio
--Median sale price
--Median list price(August 31, 2025)
--Percent of sales over list price
--Percent of sales under list price
--Median days to pending
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Mercer

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Mercer Homes for Sale

$1,450,000
4 bd6 ba6,551 sqft
1032 Highway 138
1032 Highway 138
View Mercer listings
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
Start Now
An equal housing lender. NMLS #10287.

Mercer Rental Market Trends

--Average rent in Mercer
$2,007National average rent(August 31, 2025)
--Month-over-month change
--Year-over-year change
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

More on Zillow Research