Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$275,628+5.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$59,750About 0.8× the local median income ($75,311): affordable for a typical household
Days on market38 daysFaster than a year ago: sellers have the edge
The typical home in Mercer County, OH is worth $275,628, up 5.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $220,183, so the area is 25.2% overvalued. It is a balanced market, leaning toward sellers: homes take about 38 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut. A household needs about $59,750 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 $75,311. In the latest IRS figures, 181 more people moved out than in.
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
$275,628
Change in 1 year
+5.2%
Overvalued %
+25.2%
Show 6 more
Fair home value
$220,183
Change in 5 years
+35.3%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,494
Income needed to afford it
$59,750
Property tax rate
1.10%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,008
Market activity
Listings vs a year ago
+21.6%
Days on market
38
Listings with a price cut
19.6%
Show 3 more
Homes for sale
45
Pending sales per 100 listings
69
Asking price per sq ft
$170
People and jobs
Median household income
$75,311
Population change (1 year)
+0.5%
Unemployment rate
1.6%
Show 4 more
Population
42,737
Income adjusted for cost of living
$85,290
Net moves in (IRS)
−181
Cost of living (US = 100)
88.3
Schools, risk and environment
School rating (1 to 10)
8.6
FEMA hazard risk score (0 to 100)
31.6
Flood risk score
42.1
Show 3 more
Wildfire risk score
6.5
Walkability (1 to 20)
6.1
Road, rail and air noise
52 dB
Questions people ask
Is Mercer County, OH overvalued?
Home prices in Mercer County, OH are well above what local incomes have historically supported: fair value is about $220,183, so the area is 25.2% overvalued.
Is Mercer County, OH a buyer's or seller's market?
Mercer County, OH is a balanced market, leaning toward sellers: homes take about 38 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Mercer County, OH?
Home values in Mercer County, OH are up 5.2% over the last year.
How much do you need to earn to buy a home in Mercer County, OH?
A household needs about $59,750 a year to afford the typical home in Mercer County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,311.