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TypicalCost

Typical Cost of a House in Mercer County, New Jersey

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The median home value in Mercer County is $377,700, measured over 2020–2024. That is 16.9% below the New Jersey median of $454,400. Half of owner-occupied homes are valued above that figure and half below.

Median home value

$377,700

2020–2024, give or take $6,110

Against New Jersey

−16.9%

BelowNew Jersey $454,400

Against the U.S.

+13.5%

AboveU.S. $332,700

Monthly housing costs in Mercer County

What households actually pay each month, for those who own with a mortgage and those who rent, compared with New Jersey as a whole.

Owning with a mortgage

$2,615a month

−7.6%New Jersey $2,829

Median of mortgage payments, property taxes, insurance, utilities and fees together.

Renting

$1,623a month

−5.6%New Jersey $1,720

Median gross rent: the rent itself plus utilities the renter pays.

Where Mercer County sits among New Jersey's counties

Each tick is one county's median home value. The highlighted band holds the middle half of them, and the dark line is the median. Mercer County is the 13th highest of 21.

Across 21 counties in New Jersey the median home value ranged from $221,400 to $623,000. The typical band runs from $346,500 to $529,200, with a median of $434,600. Mercer County is at $377,700.

What this figure is

It is not a sale price. The Census Bureau asks homeowners what they think their home would sell for, and this is the middle answer for owner-occupied homes in Mercer County. It covers every kind of home people own and live in, so the price of a particular house on the market can be far from it.

The figure describes the whole of 2020–2024, not a single year, and it is not adjusted for price changes since then. The smaller a county, the fewer households the survey reaches and the less exact its estimate: here the true value is very likely within $6,110 of the one shown.

Common questions

How much does a house cost in Mercer County, New Jersey?

The median home value in Mercer County, New Jersey is $377,700, from Census Bureau survey data for 2020–2024. Half of owner-occupied homes are valued above that and half below.

What is the average home price in Mercer County, New Jersey?

The Census Bureau publishes a median rather than an average: $377,700 for 2020–2024. It is what owners estimate their homes would sell for, not a record of recent sale prices.

How much is a monthly mortgage payment in Mercer County, New Jersey?

Homeowners with a mortgage in Mercer County, New Jersey pay a median of $2,615 a month. That covers the mortgage payment together with property taxes, insurance and utilities.

What is the average rent in Mercer County, New Jersey?

Median gross rent in Mercer County, New Jersey is $1,623 a month for 2020–2024. Gross rent is the rent itself plus the utilities the renter pays.

Are homes in Mercer County, New Jersey expensive compared with other places?

Mercer County has the 13th highest median home value of the 21 counties in New Jersey with a published figure, 16.9% below the New Jersey median of $454,400.

Source

U.S. Census Bureau

American Community Survey 5-Year Estimates, 2020–2024, tables B25077, B25064 and B25088. Retrieved on October 6, 2026.

About the American Community Survey

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2020–2024.

Other counties in New Jersey

The percentage compares each county with the New Jersey median.