Mercer County, Ohio home prices
Typical home $275,628 · +5.2% in a year · property tax 1.1%
The typical home in Mercer County is worth $275,628, 12% more than the Ohio typical home ($245,982). Values changed +5.2% in the past year and +35.3% over five years. Homeowners here pay a median 1.1% of their home's value in property tax each year ($3,043 on the typical home), versus 1.22% 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 | $55,126 | $220,502 | $1,483 | $0 | $391 | $1,875 | $80,300 |
| 10% down | $27,563 | $248,065 | $1,669 | $103 | $391 | $2,164 | $92,700 |
| 5% down | $13,781 | $261,847 | $1,761 | $109 | $391 | $2,262 | $96,900 |
| 3.5% down (FHA) | $9,647 | $270,636 | $1,821 | $122 | $391 | $2,334 | $100,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.1% 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 Ohio · part of the Celina metro area.
Ohio counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ottawa County | $273,705 | +1.3% | 1.08% |
| Portage County | $282,245 | +5.3% | 1.27% |
| Miami County | $268,300 | +2.5% | 0.98% |
| Hocking County | $284,239 | +3.7% | 0.99% |
| Hamilton County | $266,241 | +0.8% | 1.51% |
| Morrow County | $286,534 | +4.4% | 1.06% |
| Wayne County | $264,392 | +3.8% | 1.17% |
| Knox County | $288,681 | +4.6% | 1.07% |
| Putnam County | $260,924 | +9.1% | 0.97% |
| Lorain County | $260,654 | +4.8% | 1.37% |
Frequently asked questions
What is the average home price in Mercer County, OH?
The typical home value in Mercer County is $275,628 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Mercer County?
About $80,300 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 1.1% of home value a year (Census ACS 2024 5-year estimates).