Mercer County, Missouri home prices
Typical home $138,973 · +1.2% in a year · property tax 0.96%
The typical home in Mercer County is worth $138,973, 48% less than the Missouri typical home ($265,387). Values changed +1.2% in the past year and +20.5% over five years. Homeowners here pay a median 0.96% of their home's value in property tax each year ($1,333 on the typical home), versus 0.79% 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 | $27,795 | $111,179 | $748 | $0 | $181 | $928 | $39,800 |
| 10% down | $13,897 | $125,076 | $841 | $52 | $181 | $1,074 | $46,000 |
| 5% down | $6,949 | $132,025 | $888 | $55 | $181 | $1,124 | $48,200 |
| 3.5% down (FHA) | $4,864 | $136,456 | $918 | $61 | $181 | $1,160 | $49,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.96% 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 Missouri.
Missouri counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Gentry County | $141,201 | +3.9% | 0.93% |
| Atchison County | $142,417 | +0.5% | 1.16% |
| Wayne County | $132,332 | +2.7% | 0.52% |
| Harrison County | $130,880 | +4.5% | 0.89% |
| Scotland County | $128,606 | +3.3% | 0.79% |
| Linn County | $152,065 | +9.7% | 0.72% |
| Reynolds County | $156,255 | +5.5% | 0.37% |
| Ripley County | $157,576 | +7.2% | 0.46% |
| Stoddard County | $157,987 | +4.7% | 0.66% |
| Iron County | $159,410 | +6.4% | 0.68% |
Frequently asked questions
What is the average home price in Mercer County, MO?
The typical home value in Mercer County is $138,973 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mercer County?
About $39,800 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 0.96% of home value a year (Census ACS 2024 5-year estimates).