Mercer County, IL

Comprehensive housing, income, and cost of living data for Mercer County, Illinois. Population: 15.7K.

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Median Home Price

$154.3K

Based on 9 cities

Median Household Income

$71.7K

Annual household income

Price-to-Income Ratio

2.2x

Highly affordable

Salary Needed to Buy

$45.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$2,710

Average annual amount

Effective Tax Rate

1.76%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$780

Property Tax$226

Insurance$64.29

Total Monthly$1,070

Historical Home Prices

2015

$132.4K

2016

$134.0K

+1.2%%

2017

$132.4K

-1.2%%

2018

$133.7K

+1.1%%

2019

$143.2K

+7.0%%

2020

$150.6K

+5.2%%

2021

$156.5K

+3.9%%

2022

$158.6K

+1.3%%

2023

$159.2K

+0.4%%

2024

$148.8K

-6.5%%

2025

$158.3K

+6.3%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.6%%

Near national average

Population Density

People per square mile

Homicide Rate

12.9

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

93.5%

Black

0.6%

Hispanic

3.3%

Asian

0.3%

Two or More Races

2.2%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

51°F

Annual average

Sunny Days

202

Days per year

Annual Rainfall

37.8"

Inches per year

Natural Disaster Risk

Low Risk

Score: 9/100

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