Mercer County, Kentucky Housing Market
In Mercer County, Kentucky, the median home value is $202,300, with a median monthly rent of $831. This places Mercer County at #1375 nationally out of 3134 counties by median home value, and #27 within Kentucky.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,227
- Establishments: 557
- BLS QCEW, 2025
Housing Supply
- Single-family: 92
- Multi-family: 40
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,991 (avg $62,773)
- Outflow: 8,439 (avg $61,964)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Mercer County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 40330 | 243.7 | +1.00% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Mercer County on Our Sister Sites
Get the complete picture for Mercer County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Mercer County Compares
| Metric | Mercer County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $202,300 | $160,835 | $227,706 |
| Median Gross Rent | $831 | $793 | $968 |
| Owner Occupancy Rate | 75.9% | 73.4% | 73.3% |
| Price/Rent Ratio | 20.3 | 16.6 | 18.7 |
Market Analysis
The median home value in Mercer County is 25.8% above the Kentucky state average and 11.2% below the U.S. national average. The median rent of $831/month is 4.8% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Mercer County has an owner-occupancy rate of 75.9%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lycoming County | Pennsylvania | $202,200 | $913 |
| Harrison County | Kentucky | $202,100 | $765 |
| Cameron Parish | Louisiana | $202,500 | $1,688 |
| St. Bernard Parish | Louisiana | $202,500 | $1,082 |
| Hill County | Montana | $202,600 | $776 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Harrison County | $202,100 | $765 | 71.4% |
| Daviess County | $199,900 | $918 | 68.1% |
| Garrard County | $204,900 | $794 | 79.9% |
| Clark County | $205,800 | $938 | 70.7% |
| Henry County | $197,900 | $895 | 76.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).