housing costs · New Jersey
Housing costs in Mercer County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $1,623 | ± $34 | evidence → |
| 2019–2023 | $1,515 | ± $33 | evidence → |
| 2018–2022 | $1,454 | ± $27 | evidence → |
| 2017–2021 | $1,361 | ± $19 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $377,700 | ± $6,110 | evidence → |
| 2019–2023 | $351,000 | ± $6,540 | evidence → |
| 2018–2022 | $327,600 | ± $6,471 | evidence → |
| 2017–2021 | $295,400 | ± $5,441 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 30.0 % | ± 1.1 % | evidence → |
| 2019–2023 | 30.4 % | ± 1.3 % | evidence → |
| 2018–2022 | 30.4 % | ± 1.2 % | evidence → |
| 2017–2021 | 30.2 % | ± 1.1 % | evidence → |
In context
Median rent in Mercer County is $1,623, at the New Jersey median of $1,623 across 21 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.