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Mercer County Housing Market

Pennsylvania · 67 counties · Ranked #1210 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$153,600

vs national$153,600 vs $281,900 national

Median Gross Rent

$808/mo

vs national$808 vs $1,163 national

Effective Tax Rate

1.26%

vs national+1.26% vs 1.02% national

Median Household Income

$60,614

vs national$60,614 vs $74,755 national

Affordability Ratio

2.5x

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

Rent Burden

27.0%

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

More Housing Data

Property Tax (Median)

$1,943

Tax as % of Home Value

1.26%

Monthly Owner Cost

$767

Renter Income

$33,730

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Frequently Asked Questions

What is the median home value in Mercer County?

The median home value in Mercer County is $153,600. This is below the national median of $281,900.

How much is rent in Mercer County?

The median gross rent in Mercer County is $808 per month.

What is the property tax rate in Mercer County?

The effective property tax rate in Mercer County is 1.26%. The median annual property tax bill is $1,943.

Is Mercer County affordable?

With a home-value-to-income ratio of 2.5x, 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.