Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mercer County area can be challenging. Home prices in Mercer County are now at a median cost of $163,525, lower than the Kentucky average of $164,895.
The average cost of rent is $701/mo in Mercer County, primarily driven by the current value of real estate in the Mercer County area. While nearly 43.29% of residents own their homes outright in Mercer County, 28.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer County is $4,329 per month. Households that rent pay about 16.19% of their income on rent here. Mercer County's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the county.
Nearby Counties
- Boyle County, KY: equally priced homes
- Jessamine County, KY: higher priced homes
- Garrard County, KY: less expensive homes
- Washington County, KY: less expensive homes
- Madison County, KY: higher priced homes
- Nelson County, KY: higher priced homes
- Estill County, KY: less expensive homes
- Powell County, KY: less expensive homes
- Hardin County, KY: equally priced homes
- Wolfe County, KY: less expensive homes
Counties with Similar Populations
- Polk County, TN: less expensive homes
- Johnson County, IL: less expensive homes
- Johnson County, KY: less expensive homes
- Johnson County, TN: less expensive homes
- King George County, VA: higher priced homes
- King William County, VA: higher priced homes
- Kleberg County, TX: less expensive homes
- Klickitat County, WA: higher priced homes
- Knox County, KY: less expensive homes
- Abbeville County, SC: less expensive homes
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