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Mercer County Housing Market

Illinois · 102 counties · Ranked #951 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$139,300

vs national$139,300 vs $281,900 national

Median Gross Rent

$757/mo

vs national$757 vs $1,163 national

Effective Tax Rate

1.95%

vs national+1.95% vs 1.02% national

Median Household Income

$71,710

vs national$71,710 vs $74,755 national

Affordability Ratio

1.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,710

Tax as % of Home Value

1.95%

Monthly Owner Cost

$947

Renter Income

$34,432

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Frequently Asked Questions

What is the median home value in Mercer County?

The median home value in Mercer County is $139,300. This is below the national median of $281,900.

How much is rent in Mercer County?

The median gross rent in Mercer County is $757 per month.

What is the property tax rate in Mercer County?

The effective property tax rate in Mercer County is 1.95%. The median annual property tax bill is $2,710.

Is Mercer County affordable?

With a home-value-to-income ratio of 1.9x, Mercer County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.