Home prices
The median home in Mercedes is valued at $71,000. It is roughly $6,160 (9%) higher in comparison to nearby areas.It is roughly $146,500 (67%) lower in comparison to the entire nation, and is approximately $19,000 (21%) lower in comparison to the city of Brownsville.
Rents
In Mercedes the median monthly rent is $574. In comparison to the surrounding areas it is approximately $85 (12%) lower.It is about $488 (45%) lower in comparison to the entire country, and compared to the city of Brownsville it is approximately $162 (22%) lower.
Nearby places
Weslaco
Weslaco is Mercedes's neighbor to the west. Real estate prices there are a little more expensive. The cost of the median home in Weslaco is $83,900, which comes out to $12,900 (15%) higher than Mercedes. Its rents are somewhat more expensive. The median monthly rent in Weslaco is $709, which comes out to $135 (19%) higher than Mercedes.
Indian Hills
Indian Hills is approximately 4 miles north from Mercedes. Its real estate prices are a lot less expensive. The median home in Indian Hills is valued at $44,500, which comes out to $26,500 (59%) lower than Mercedes. The rent there is similar. In Indian Hills the median rent is $578 a month, which is very similar to Mercedes.
La Feria
La Feria is approximately 4 miles east of Mercedes. Real estate prices there are a little less expensive. The median home in La Feria is valued at $55,600, which comes out to $15,400 (27%) lower than Mercedes. Its rents are a bit more expensive. La Feria's median monthly rent is $704, which comes out to $130 (18%) higher than Mercedes.
Progreso
Progreso is approximately 5 miles southwest from Mercedes. Real estate prices there are somewhat less expensive. The median home cost in Progreso is $57,500, which comes out to $13,500 (23%) lower than Mercedes. Rents there are somewhat more expensive. Progreso's median rent is $640 per month, which is $66 (10%) higher than Mercedes.
Midway South
Midway South is approximately 6 miles west of Mercedes. The real estate prices there are a bit more expensive. The median home price in Midway South is $82,700, which is $11,700 (14%) higher than Mercedes. Its rents are a little more expensive. In Midway South the median monthly rent is $663, which is $89 (13%) higher than Mercedes.
