Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$241,303−0.5% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$52,310About 0.8× the local median income ($67,889): affordable for a typical household
Days on market66 daysSlower than a year ago: buyers have time to negotiate
The typical home in Mercer County, KY is worth $241,303, down 0.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $212,200, so the area is 13.7% overvalued. It is a buyer's market: homes take about 66 days to sell, listings are up 12% from a year ago, 27% of listings have had a price cut. A household needs about $52,310 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,889. Typical rent is $932 a month. In the latest IRS figures, 282 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$241,303
Change in 1 year
−0.5%
Overvalued %
+13.7%
Show 6 more
Fair home value
$212,200
Change in 5 years
+28.8%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,308
Income needed to afford it
$52,310
Property tax rate
0.83%
Rent and investing
Typical rent
$932
Price-to-rent ratio
21.6×
HUD Fair Market Rent, 2 bedrooms
$909
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Gross rental yield
4.63%
Cap rate (estimate)
3.01%
Market activity
Listings vs a year ago
+12.1%
Days on market
66
Listings with a price cut
26.9%
Show 3 more
Homes for sale
102
Pending sales per 100 listings
25
Asking price per sq ft
$172
People and jobs
Median household income
$67,889
Population change (1 year)
+1.0%
Unemployment rate
4.4%
Show 4 more
Population
23,733
Income adjusted for cost of living
$79,589
Net moves in (IRS)
+282
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
41.4
Flood risk score
53.3
Show 3 more
Wildfire risk score
11.0
Walkability (1 to 20)
4.6
Road, rail and air noise
53 dB
Questions people ask
Is Mercer County, KY overvalued?
Home prices in Mercer County, KY are well above what local incomes have historically supported: fair value is about $212,200, so the area is 13.7% overvalued.
Is Mercer County, KY a buyer's or seller's market?
Mercer County, KY is a buyer's market: homes take about 66 days to sell, listings are up 12% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Mercer County, KY?
Home values in Mercer County, KY are down 0.5% over the last year.
How much do you need to earn to buy a home in Mercer County, KY?
A household needs about $52,310 a year to afford the typical home in Mercer County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,889.