The story of this market
The typical home in Mercer County, Kentucky sells for about $190,116, or $115 per square foot.
Prices are roughly flat from a year ago (-0.79%), a market in balance. Homes take about 80 days to sell, which is slow. Over the long run, values in this county have grown 139% since 2000. Last year 1 of 5 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is strong wind, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
-0.2%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2023 (+17.7%). Worst: 2009 (-3.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,259
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
-0.2%
2025 change
FHFA repeat-sales index, median of 5 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
68
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $12,071,371.
Mortgage activity
Home lending in this county
76%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 937 | 501 | 76% | 9.3% | $135,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Mercer County, Kentucky
Mercer County's housing market is characterized by low inventory and steady pricing, with recent state investments in industrial infrastructure signaling long-term economic stability. While sales volume remains low, the market is supported by consistent demand and a relatively affordable cost of living compared to regional benchmarks.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 30.9% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 3 cities · 3 ZIP reports
Median prices moved down 0.1% year over year.
Homes spend a median of 85 days on market with 0.5 months of supply — a fast-moving market.
1% of listings have cut prices · homes sell at 8.31% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 12.0% — a stable, low-distress profile.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Mercer County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 17
researched Sep 17
researched Sep 17
| 40310 | Burgin | $192,150 | $122 | 0% | 87 | — | — | — | 290 | $957 | researched Sep 17 |
| 40330 | Harrodsburg | $187,000 | $123 | +2.5% | 58 | 97.5% | 15% | 4.2 | 116 | $824 | researched Sep 17 |
| 40372 | Salvisa | $202,500 | $135 | -14.1% | 88 | 96.5% | 12% | 10.4 | 94 | $866 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Mercer County schools are served by the Mercer County School District, which provides public education for the county's student population.
The county is located in the Bluegrass region, with standard regional risks for wind and seasonal weather; specific flood or wildfire hazard data is not determinable.
Economic momentum is supported by $11.5 million in state funding for the Wilkinson Farm industrial park and ongoing infrastructure investments in the 2024-2026 Biennial Highway Construction Plan.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kentucky) — Kentucky Ad Valorem Property Tax: Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value.
The economy is anchored by manufacturing and agricultural sectors, with recent state-funded industrial park developments aimed at expanding the local employment base.
The county is served by US 127 and is located within a two-hour drive of major metropolitan areas including Lexington, Louisville, and Cincinnati.
The Mercer County Property Valuation Administrator (PVA) is responsible for the assessment of all real property within the county.
The county is part of the Bluegrass Area Development District (ADD), which coordinates regional planning and infrastructure.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A historic site featuring a full-scale replica of the original 1774 fort, serving as a major cultural anchor for the county.
A significant recreational destination for boating, fishing, and water sports, serving as a primary natural amenity for residents.
Data retrieved from US Census Bureau QuickFacts and ACS estimates.
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.