Mercer County, Kentucky home prices
Typical home $241,303 · -0.5% in a year · property tax 0.83%
The typical home in Mercer County is worth $241,303, 5% more than the Kentucky typical home ($230,909). Values changed -0.5% in the past year and +28.8% over five years. Homeowners here pay a median 0.83% of their home's value in property tax each year ($1,994 on the typical home), versus 0.72% statewide.
Mortgage on the typical Mercer County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,261 | $193,043 | $1,299 | $0 | $287 | $1,585 | $67,900 |
| 10% down | $24,130 | $217,173 | $1,461 | $90 | $287 | $1,838 | $78,800 |
| 5% down | $12,065 | $229,238 | $1,542 | $96 | $287 | $1,924 | $82,500 |
| 3.5% down (FHA) | $8,446 | $236,933 | $1,594 | $107 | $287 | $1,987 | $85,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.83% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Kentucky.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Boyle County | $240,277 | +0.8% | 0.82% |
| Hardin County | $243,023 | -3.1% | 0.66% |
| Harrison County | $243,748 | +0.7% | 0.66% |
| Trimble County | $244,183 | +0.8% | 0.66% |
| Pendleton County | $237,230 | +3.5% | 0.8% |
| Franklin County | $248,638 | +0.0% | 0.79% |
| Henry County | $250,928 | +2.4% | 0.81% |
| Marion County | $230,024 | +1.4% | 0.69% |
| Simpson County | $253,079 | +0.6% | 0.6% |
| Clark County | $253,267 | +4.8% | 0.71% |
Frequently asked questions
What is the average home price in Mercer County, KY?
The typical home value in Mercer County is $241,303 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mercer County?
About $67,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Mercer County?
The median effective rate is 0.83% of home value a year (Census ACS 2024 5-year estimates).