Mercer, PA—16137
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mercer, PA
As of Oct '25, the median home price in Mercer, PA is $215,000, with a year-over-year change of -4.6%. This indicates that home prices in Mercer, PA are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $215,000 | -4.6% |
| Single Family | $215,000 | -4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 3.8% |
3 Bed | $237,000 | 2.2% |
4 Bed | $299,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mercer, PA
As of July '25, Rentcast reports the average rent in Mercer, PA is $861, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Mercer, PA is 1-bedrooms: $724, 2-bedrooms: $950, 3-bedrooms: $1,040. The most common rental property sizes in Mercer, PA are 3-bedroom and 2-bedroom, accounting for 31.9% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $825 | $861 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $623 | $724 |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | $1,040 | $1,040 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Mercer, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mercer, PA is 98. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $362,000 | 33.0% |
Listing Count | 30 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 98 | 18.0% |
Demographics — Mercer, PA
As of the latest ACS Survey released in 2023, Mercer, PA has a population of 12,300, which has decreased by -3.3% over the past 5 years. Mercer, PA is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | -3.3% |
% Under 18 | 17.9% | 7.8% |
% Seniors | 20.9% | 12.4% |
% WFH | 9.1% | 139.5% |
% w/ College Degree | 21.4% | 11.5% |
As of the latest ACS Survey released in 2023, Mercer, PA is a predominantly white area, with 89.7% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Mercer, PA is black, making up 4.2% of the population. Foreign-born residents account for 1.4% of the population in Mercer, PA, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.7% | -2.7% |
% Black | 4.2% | -20.8% |
% Hispanic | 2.3% | 360.0% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 1.4% | 40.0% |
Mortgage and Risk — Mercer, PA
According to HUD data as of 2023, there were 214 mortgage originations in Mercer, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Mercer, PA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mercer, PA
Mercer, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 77 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $97 | $623 | $720 |
| 2 Bedroom | -$40 | $950 | $910 |
| 3 Bedroom | $220 | $1,040 | $1,260 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Mercer, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $215,000 |
| Median Household Income | $70,000 |