Mercer
county · 15 metrics · 5y change · report
Home value index, single-family
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2026-06-01 | $453,317 | zillow_zhvi | fips |
| 2026-05-01 | $453,305 | zillow_zhvi | fips |
| 2026-04-01 | $453,555 | zillow_zhvi | fips |
| 2026-03-01 | $453,605 | zillow_zhvi | fips |
| 2026-02-01 | $452,780 | zillow_zhvi | fips |
| 2026-01-01 | $451,836 | zillow_zhvi | fips |
| 2025-12-01 | $451,550 | zillow_zhvi | fips |
| 2025-11-01 | $451,521 | zillow_zhvi | fips |
| 2025-10-01 | $452,203 | zillow_zhvi | fips |
| 2025-09-01 | $452,395 | zillow_zhvi | fips |
| 2025-08-01 | $452,958 | zillow_zhvi | fips |
| 2025-07-01 | $453,514 | zillow_zhvi | fips |
| 2025-06-01 | $453,906 | zillow_zhvi | fips |
| 2025-05-01 | $453,905 | zillow_zhvi | fips |
| 2025-04-01 | $453,161 | zillow_zhvi | fips |
| 2025-03-01 | $452,062 | zillow_zhvi | fips |
| 2025-02-01 | $450,826 | zillow_zhvi | fips |
| 2025-01-01 | $449,568 | zillow_zhvi | fips |
| 2024-12-01 | $448,803 | zillow_zhvi | fips |
| 2024-11-01 | $447,769 | zillow_zhvi | fips |
| 2024-10-01 | $446,627 | zillow_zhvi | fips |
| 2024-09-01 | $444,434 | zillow_zhvi | fips |
| 2024-08-01 | $441,717 | zillow_zhvi | fips |
| 2024-07-01 | $438,961 | zillow_zhvi | fips |
Observed rent index, all homes
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2026-06-01 | $2,622 | zillow_zori | fips |
| 2026-05-01 | $2,600 | zillow_zori | fips |
| 2026-04-01 | $2,574 | zillow_zori | fips |
| 2026-03-01 | $2,567 | zillow_zori | fips |
| 2026-02-01 | $2,576 | zillow_zori | fips |
| 2026-01-01 | $2,591 | zillow_zori | fips |
| 2025-12-01 | $2,581 | zillow_zori | fips |
| 2025-11-01 | $2,565 | zillow_zori | fips |
| 2025-10-01 | $2,549 | zillow_zori | fips |
| 2025-09-01 | $2,566 | zillow_zori | fips |
| 2025-08-01 | $2,566 | zillow_zori | fips |
| 2025-07-01 | $2,575 | zillow_zori | fips |
| 2025-06-01 | $2,564 | zillow_zori | fips |
| 2025-05-01 | $2,563 | zillow_zori | fips |
| 2025-04-01 | $2,562 | zillow_zori | fips |
| 2025-03-01 | $2,556 | zillow_zori | fips |
| 2025-02-01 | $2,564 | zillow_zori | fips |
| 2025-01-01 | $2,533 | zillow_zori | fips |
| 2024-12-01 | $2,525 | zillow_zori | fips |
| 2024-11-01 | $2,501 | zillow_zori | fips |
| 2024-10-01 | $2,497 | zillow_zori | fips |
| 2024-09-01 | $2,491 | zillow_zori | fips |
| 2024-08-01 | $2,493 | zillow_zori | fips |
| 2024-07-01 | $2,505 | zillow_zori | fips |
Median household income
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| Period | Value | Source | Matched by |
|---|---|---|---|
| 2019-01-01 | $96,333 | census_acs | fips |
| 2018-01-01 | $92,697 | census_acs | fips |
| 2017-01-01 | $85,687 | census_acs | fips |
| 2016-01-01 | $83,306 | census_acs | fips |
| 2015-01-01 | $81,057 | census_acs | fips |
Current values
Each metric’s most recent reading, ranked against peers by value rather than by change. The MOD-IV assessment aggregates appear only here: they are a single published snapshot, and a change needs two observations.
| Metric | Value | Rank | As of | Source |
|---|---|---|---|---|
| Median gross rent | $1,515 | 12 / 21 | 2023-12-31 | census_acs |
| Median household income | $96,333 | 12 / 21 | 2023-12-31 | census_acs |
| Median owner-occupied home value | $351,000 | 13 / 21 | 2023-12-31 | census_acs |
| Total population | 383,286 | 12 / 21 | 2023-12-31 | census_acs |
| Renters paying over 30% of income on housing | 0.48 | 8 / 21 | 2023-12-31 | census_acs |
| Area median income (HUD) | $125,900 | 12 / 21 | 2024-12-31 | hud |
| Low-income limit, 80% AMI, 4-person household | $97,800 | 5 / 21 | 2024-12-31 | hud |
| Net migration, tax returns | -1,987 | 16 / 21 | 2022-12-31 | irs_migration |
| Residential units permitted | 2,256 | 7 / 21 | 2024-12-31 | census_permits |
| Home value to area median income | 3.47 | 5 / 21 | 2024-12-31 | hip_derived |
| Home value to household income | 4.15 | 9 / 21 | 2023-12-31 | hip_derived |
| Annual rent to household income | 0.30 | 15 / 18 | 2023-12-31 | hip_derived |
| Unemployment rate | 4.5% | 12 / 21 | 2025-12-31 | bls |
| Home value index, single-family | $453,317 | 13 / 21 | 2026-06-30 | zillow_zhvi |
| Observed rent index, all homes | $2,622 | 7 / 19 | 2026-06-30 | zillow_zori |
Interpretation
written by Gemma 4 E4B · ollamaThe underlying figures have changed since this was written. Treat it as out of date until it is regenerated.
Mercer County shows significant development activity, ranking 1 of 21 regions for residential units permitted, which saw a massive increase of +319.3%. This development momentum is reflected in strong appreciation metrics, including the Home value index, single-family, which rose +37.7%, and the Observed rent index, all homes, which increased by +34.9%. While the median household income rose by +18.8% and the total population grew by +4.2%, the region ranks poorly in terms of affordability, placing 20 of 21 for both median owner-occupied home value (+20.6%) and Area median income (HUD) (+15.8%). This disparity is highlighted by the Home value to area median income ratio, which increased by +28.3%.
Despite the high cost increases, the region's labor market shows improvement, with the unemployment rate decreasing by -27.4%. However, the economic picture is mixed, as the net migration rate declined by -66.8%, and the median gross rent increased by +19.7%. The current median gross rent stands at $1,515, while the median household income is $96,333. It is important to note that the Area median income (HUD) and the low-income limit, 80% AMI, 4-person household, are county-level figures, and the ACS 5-year vintage estimates overlap by four years, meaning consecutive estimates are not independent measurements.
Overall, the market is characterized by high growth in development and property values, which is contrasted by the region's poor ranking in median income and home value relative to its peers. While the observed rent index and home value index are strong indicators of growth, the Zillow Observed rent index, all homes, rests on a thinner base and ranks against a smaller cohort than the value figures.
Generated by a local language model from this region's analysis packet. It is interpretation of computed metrics, not a measurement, and not advice.
Caveats
- ACS 5-year vintages overlap by four years, so consecutive estimates are not independent measurements and short windows understate the real separation.
- Affordability ratios are computed by this platform from two published series, not published by either source. The monthly value or rent series is averaged over the survey year to match the annual income denominator.
- Zillow's rent index begins in 2015 and covers far fewer places than its home-value index, so any rent figure rests on a thinner base — and ranks against a smaller cohort — than a value figure.
- HUD publishes income limits per county, so every AMI-based figure here is a county figure. HUD does not sanction allocating one down to a municipality.