Rent in Mercer, WI
A 2-bedroom in Mercer, WI (ZIP 54547) typically rents for about $1,014 a month, with a range of $1,014. There are no ZIP-level rent figures here, so these use the HUD Fair Market Rent for Iron County. Owner-occupied homes in Iron County pay about 1.07% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $732 | $732 | 1 |
| 1 bed | $321 | $321–$830 | 1 |
| 2 beds | $1,014 | $1,014 | 1 |
| 3 beds | $1,262 | $1,262 | 1 |
| 4 beds | $1,604 | $1,604 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Mercer ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Mercer, WI?
- About $1,014 a month: the median of the typical rents in 1 ZIP code, which range from $1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Mercer, WI?
- About $321 a month: the median of the typical rents in 1 ZIP code, which range from $321–$830. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Mercer, WI?
- About $1,262 a month: the median of the typical rents in 1 ZIP code, which range from $1,262. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Mercer, WI?
- About $732 a month: the median of the typical rents in 1 ZIP code, which range from $732. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Mercer, WI?
- About $1,604 a month: the median of the typical rents in 1 ZIP code, which range from $1,604. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Mercer, WI?
- Owner-occupied homes in Iron County pay a typical 1.07% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Mercer rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).