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 $347,589, lower than the New Jersey average of $388,929.
The average cost of rent is $1,594/mo in Mercer County, primarily driven by the current value of real estate in the Mercer County area. While nearly 37.80% of residents own their homes outright in Mercer County, 36.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mercer County is $8,837 per month. Households that rent pay about 18.04% of their income on rent here. Mercer County's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the county.
Nearby Counties
- Bucks County, PA: equally priced homes
- Monmouth County, NJ: higher priced homes
- Montgomery County, PA: equally priced homes
- Berks County, PA: less expensive homes
- Lebanon County, PA: less expensive homes
- Dauphin County, PA: less expensive homes
- Cumberland County, PA: less expensive homes
- Westmoreland County, PA: less expensive homes
- Washington County, PA: less expensive homes
- Brooke County, WV: less expensive homes
Counties with Similar Populations
- Manatee County, FL: less expensive homes
- Rockingham County, NH: higher priced homes
- Richland County, SC: less expensive homes
- Pulaski County, AR: less expensive homes
- Prince William County, VA: higher priced homes
- Placer County, CA: higher priced homes
- Pinal County, AZ: less expensive homes
- Ottawa County, MI: less expensive homes
- Orleans Parish, LA: less expensive homes
- Orange County, NY: equally priced homes
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