Mercersburg, PA—17236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mercersburg, PA
As of Oct '25, the median home price in Mercersburg, PA is $280,000, with a year-over-year change of 2.2%. This indicates that home prices in Mercersburg, PA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | 2.2% |
| Single Family | $281,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $212,000 | 1.0% |
3 Bed | $279,000 | 2.2% |
4 Bed | $361,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mercersburg, PA
As of July '25, Rentcast reports the average rent in Mercersburg, PA is $1,640, with a year-over-year rent change of 18.0%. Per bedroom, the median rent as of July '25 in Mercersburg, PA is 2-bedrooms: $950, 3-bedrooms: $1,220, 4-bedrooms: $2,020. The most common rental property sizes in Mercersburg, PA are 2-bedroom and 3-bedroom, accounting for 41.2% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | $950 | $1,220 |
| 4 Bed Rent | $1,850 | $2,020 |
% of Rental Stock
Property Listings — Mercersburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mercersburg, PA is 67. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 2.0% |
Listing Count | 35 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 67 | -18.0% |
Demographics — Mercersburg, PA
As of the latest ACS Survey released in 2023, Mercersburg, PA has a population of 8,880, which has increased by 4.2% over the past 5 years. Mercersburg, PA is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,880 | 4.2% |
% Under 18 | 21.2% | 4.4% |
% Seniors | 17.3% | -6.0% |
% WFH | 12.7% | 243.2% |
% w/ College Degree | 21.5% | 37.8% |
As of the latest ACS Survey released in 2023, Mercersburg, PA is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Mercersburg, PA is hispanic, making up 1.3% of the population. Foreign-born residents account for 1.6% of the population in Mercersburg, PA, and this percentage has decreased by 44.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | -0.4% |
% Black | 1.2% | -52.0% |
% Hispanic | 1.3% | -60.6% |
% Asian | 0.6% | ∞% |
% Foreign Born | 1.6% | -44.8% |
Mortgage and Risk — Mercersburg, PA
According to HUD data as of 2023, there were 188 mortgage originations in Mercersburg, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mercersburg, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mercersburg, PA
Mercersburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | $220 | $950 | $1,170 |
| 3 Bedroom | $610 | $950 | $1,560 |
| 4 Bedroom | -$80 | $1,850 | $1,770 |
Affordability — Mercersburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $280,000 |
| Median Household Income | $81,100 |