Home/New Jersey/Mercer County

Mercer County Housing Market

New Jersey · 21 counties · Ranked #2805 in home value

Above National Avg

Housing at a Glance

Median Home Value

$351,000

vs national+$351,000 vs $281,900 national

Median Gross Rent

$1,515/mo

vs national+$1,515 vs $1,163 national

Effective Tax Rate

2.51%

vs national+2.51% vs 1.02% national

Median Household Income

$96,333

vs national+$96,333 vs $74,755 national

Affordability Ratio

3.6x

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

Rent Burden

30.0%

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

More Housing Data

Property Tax (Median)

$8,804

Tax as % of Home Value

2.51%

Monthly Owner Cost

$1,984

Renter Income

$55,251

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$1,321+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Mercer County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Mercer County?

The median home value in Mercer County is $351,000. This is above the national median of $281,900.

How much is rent in Mercer County?

The median gross rent in Mercer County is $1,515 per month.

What is the property tax rate in Mercer County?

The effective property tax rate in Mercer County is 2.51%. The median annual property tax bill is $8,804.

Is Mercer County affordable?

With a home-value-to-income ratio of 3.6x, Mercer County is moderately 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.