Mercer County, Ohio Housing Market
In Mercer County, Ohio, the median home value is $210,600, with a median monthly rent of $804. This places Mercer County at #1296 nationally out of 3134 counties by median home value, and #26 within Ohio.
📈 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: $1,030
- Establishments: 1,109
- BLS QCEW, 2025
Housing Supply
- Single-family: 81
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 18,119 (avg $80,647)
- Outflow: 17,744 (avg $80,933)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Mercer County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 45882 | 213.7 | +10.93% | 2025 |
| 2 | 45822 | 214.5 | +5.28% | 2025 |
| 3 | 45828 | 251.0 | +6.68% | 2025 |
| 4 | 45860 | 189.4 | — | 2020 |
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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Mercer County Compares
| Metric | Mercer County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $210,600 | $196,325 | $227,706 |
| Median Gross Rent | $804 | $904 | $968 |
| Owner Occupancy Rate | 79.6% | 73.7% | 73.3% |
| Price/Rent Ratio | 21.8 | 17.9 | 18.7 |
Market Analysis
The median home value in Mercer County is 7.3% above the Ohio state average and 7.5% below the U.S. national average. The median rent of $804/month is 11.1% below the state average.
With a price-to-rent ratio of 21.8, 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 79.6%, compared to 73.7% in Ohio 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 |
|---|---|---|---|
| Craighead County | Arkansas | $210,400 | $958 |
| Carroll County | Arkansas | $210,400 | $856 |
| Elkhart County | Indiana | $210,400 | $1,047 |
| Marquette County | Wisconsin | $210,400 | $800 |
| Hamblen County | Tennessee | $210,900 | $857 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clinton County | $211,900 | $910 | 71.8% |
| Summit County | $208,700 | $1,026 | 67.5% |
| Shelby County | $208,100 | $922 | 73.7% |
| Lake County | $214,100 | $1,113 | 75.8% |
| Hancock County | $204,700 | $979 | 70.8% |
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).