Mercer County, Missouri Housing Market
In Mercer County, Missouri, the median home value is $104,900, with a median monthly rent of $590. This places Mercer County at #2859 nationally out of 3134 counties by median home value, and #110 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $973
- Establishments: 90
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,342 (avg $50,232)
- Outflow: 1,238 (avg $51,147)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Mercer County Compares
| Metric | Mercer County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $104,900 | $175,712 | $227,706 |
| Median Gross Rent | $590 | $782 | $968 |
| Owner Occupancy Rate | 81.0% | 73.7% | 73.3% |
| Price/Rent Ratio | 14.8 | 18.8 | 18.7 |
Market Analysis
The median home value in Mercer County is 40.3% below the Missouri state average and 53.9% below the U.S. national average. The median rent of $590/month is 24.6% below the state average.
With a price-to-rent ratio of 14.8, buying a home in Mercer County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Mercer County has an owner-occupancy rate of 81.0%, compared to 73.7% in Missouri 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 |
|---|---|---|---|
| Worth County | Georgia | $104,900 | $864 |
| Wabash County | Illinois | $104,900 | $794 |
| Warren County | Illinois | $105,000 | $788 |
| Wallace County | Kansas | $105,000 | $601 |
| Sharp County | Arkansas | $105,100 | $766 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Atchison County | $106,800 | $631 | 76.8% |
| Wayne County | $107,400 | $665 | 75.1% |
| Knox County | $101,400 | $666 | 85.1% |
| Mississippi County | $109,000 | $762 | 62.9% |
| Harrison County | $109,500 | $703 | 71.4% |
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).