Mercer County, New Jersey home prices
Typical home $439,984 · +0.2% in a year · property tax 2.36%
The typical home in Mercer County is worth $439,984, 23% less than the New Jersey typical home ($575,123). Values changed +0.2% in the past year and +33.2% over five years. Homeowners here pay a median 2.36% of their home's value in property tax each year ($10,378 on the typical home), versus 1.82% 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 | $87,997 | $351,987 | $2,368 | $0 | $1,085 | $3,453 | $148,000 |
| 10% down | $43,998 | $395,986 | $2,664 | $165 | $1,085 | $3,914 | $167,700 |
| 5% down | $21,999 | $417,985 | $2,812 | $174 | $1,085 | $4,071 | $174,500 |
| 3.5% down (FHA) | $15,399 | $432,015 | $2,906 | $195 | $1,085 | $4,186 | $179,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.36% 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 New Jersey · part of the Trenton metro area.
New Jersey counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Sussex County | $445,283 | +2.7% | 2.32% |
| Burlington County | $418,637 | +2.2% | 2.26% |
| Warren County | $417,688 | +1.7% | 2.34% |
| Atlantic County | $383,102 | +4.0% | 2.3% |
| Gloucester County | $381,762 | +4.0% | 2.6% |
| Camden County | $353,585 | +4.2% | 2.83% |
| Ocean County | $551,299 | +4.8% | 1.65% |
| Middlesex County | $579,852 | +3.1% | 2.1% |
| Salem County | $297,450 | +3.1% | 2.93% |
| Passaic County | $597,668 | +4.5% | 2.18% |
Frequently asked questions
What is the average home price in Mercer County, NJ?
The typical home value in Mercer County is $439,984 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mercer County?
About $148,000 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 2.36% of home value a year (Census ACS 2024 5-year estimates).