Department of Numbers

Mercer County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Mercer County PA was $648 in 2017 according to the Census ACS survey.1 Average gross rent in Mercer County was $593 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Mercer County median and average rent data will be released in September of 2019.

Data is also available below for Mercer County rental vacancy rates, Mercer County rent as a percent of median income and the fraction of renters in Mercer County.

Show dollars as: Nominal Real

Real Gross Rent in Mercer County Pennsylvania (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Pennsylvania Median Gross Rent $893 -0.22% +2.88%
Mercer County PA Median Gross Rent $648 -9.24% -1.22%

Mercer County PA Real Gross Rent Trends

Median gross rent for Mercer County peaked in real terms in 2016 at $714 and is now $66 (9.24%) lower. Average gross rent for Mercer County peaked in real terms in 2005 at $668 and is now $75 (11.23%) lower. From a recent low of 548.0 in 2012, real average gross rent has now increased by $45 (8.21%).

Real Gross Rent: Mercer County PA Median, Mercer County PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Mercer County

Date US
Median
Pennsylvania
Median
Mercer County PA
Median
Mercer County PA
Average
2017 $1,012 $893 $648 $593
2016 $996 $895 $714 $648
2015 $987 $893 $680 $609
2014 $956 $868 $656 $602
2013 $924 $846 $655 $594
2012 $912 $823 $608 $548
2011 $912 $823 $610 $549
2010 $927 $827 $607 $586
2009 $931 $816 $657 $592
2008 $947 $834 $667 $585
2007 $899 $781 $679 $621
2006 $909 $791 $625 $610

Mercer County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Mercer County Pennsylvania was 1.01% according to Census ACS data.

Rental Vacancy Rate in Mercer County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Mercer County PA 1.01% -1.93% -8.47%

Trends in Mercer County PA Rental Vacancy Rate

The rental vacancy rate in Mercer County peaked in 2009 at 11.36%. Since then it has fallen by 10.35% to 1.01%. Data records for this series originated in 2005.

Rental Vacancy Rate: Mercer County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Mercer County

Date US Pennsylvania Mercer County PA
2017 6.18% 5.84% 1.01%
2016 5.89% 5.77% 2.94%
2015 5.85% 5.77% 5.67%
2014 6.32% 6.40% 9.48%
2013 6.49% 5.78% 10.61%
2012 6.77% 5.88% 6.44%
2011 7.40% 6.13%
2010 8.17% 6.47% 8.63%
2009 8.43% 6.80% 11.36%
2008 7.86% 6.65% 8.22%
2007 7.87% 7.34% 5.70%
2006 7.70% 8.09% 6.56%

Rent as a Fraction of Income

Using median household income data for Mercer County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Mercer County, median monthly gross rent as a fraction of median household income was 16.62% in 2017 according to the ACS.

Mercer County Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Pennsylvania 18.10% -0.47% -1.01%
Mercer County PA 16.62% -0.29% -1.03%

Trends in Mercer County PA Rent as a Fraction of Income

The fraction of median Mercer County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 17.65%. Since then it has fallen by 1.03% to 16.62%.

Fraction of Income towards Rent: Mercer County PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in Mercer County Pennsylvania

Historical Data for Annual Rent as a Fraction of Income in Mercer County Pennsylvania

Date US Pennsylvania Mercer County PA
2017 20.13% 18.10% 16.62%
2016 20.43% 18.58% 16.91%
2015 20.63% 18.70% 16.86%
2014 20.89% 19.12% 17.65%
2013 20.78% 19.11% 17.39%
2012 20.65% 18.69% 16.79%
2011 20.70% 18.78% 16.77%
2010 20.50% 18.58% 16.63%
2009 20.12% 17.88% 16.41%
2008 19.00% 17.18% 17.30%
2007 18.66% 16.92% 17.40%
2006 18.90% 17.22% 16.61%

Renter Fraction in Mercer County Pennsylvania

You can calculate the renter fraction in Mercer County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Mercer County as a fraction of total Mercer County households. In 2017 29.43% of households were renters according to Census ACS data.

Mercer County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Pennsylvania 31.70% +0.20% +0.53%
Mercer County PA 29.43% +2.36% +2.76%

Trends in the Mercer County PA Renter Fraction

At 29.43%, the 2017 household based renter fraction in Mercer County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Mercer County PA, Pennsylvania, US

Fraction of renters in Mercer County

History of Mercer County Renter Fraction

Date US Pennsylvania Mercer County PA
2017 36.13% 31.70% 29.43%
2016 36.88% 31.50% 27.07%
2015 36.97% 31.28% 26.05%
2014 36.90% 31.17% 26.67%
2013 36.50% 31.05% 26.97%
2012 36.09% 31.09% 26.58%
2011 35.42% 30.51% 25.87%
2010 34.65% 29.87% 25.83%
2009 34.13% 29.48% 27.43%
2008 33.36% 29.15% 24.94%
2007 32.80% 28.36% 23.17%
2006 32.73% 28.28% 25.10%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.