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Mercer County Housing Market

Kentucky · 120 counties · Ranked #1785 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$189,700

vs national$189,700 vs $281,900 national

Median Gross Rent

$802/mo

vs national$802 vs $1,163 national

Effective Tax Rate

0.82%

vs national0.82% vs 1.02% national

Median Household Income

$63,115

vs national$63,115 vs $74,755 national

Affordability Ratio

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

Rent Burden

23.0%

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

More Housing Data

Property Tax (Median)

$1,553

Tax as % of Home Value

0.82%

Monthly Owner Cost

$848

Renter Income

$41,330

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Mercer County?

The median home value in Mercer County is $189,700. This is below the national median of $281,900.

How much is rent in Mercer County?

The median gross rent in Mercer County is $802 per month.

What is the property tax rate in Mercer County?

The effective property tax rate in Mercer County is 0.82%. The median annual property tax bill is $1,553.

Is Mercer County affordable?

With a home-value-to-income ratio of 3x, 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.