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Mercer County

Learn about the people, housing, costs and businesses in Mercer County County

Median Home$148,148
Median Rent$767/month
Population15,495
Leading IndustriesWholesale Trade · Construction11% wholesale trade
Home Value Growth⬆⬆+17.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners84% of occupied units
NotableTransit74/100 · excellent transit access
NotableHigh Incomes$75k/year · top 29% nationally
Mercer County
IL

Frequently Asked Questions

What are today's mortgage rates in Mercer County?

As of today, the 30-year fixed mortgage rate for Mercer County is approximately 7.280% (7.319% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Mercer County
What is the median home price in Mercer County?

The median home value in Mercer County is $148k. The median monthly rent is $767. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mercer County?

Home values in Mercer County have increased 17.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mercer County?

Based on a typical all-in ownership cost of $926/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mercer County is $75k/year.

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What industries drive the economy in Mercer County?

The largest employment sectors in Mercer County are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas