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Mercer County, PA

RANK #533 / 996  ·  POP 110,600  ·  PA

PROJECTED GROWTH: +0.6%

Mercer County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Mercer County?

Mercer County, Pennsylvania, offers a blend of small-town charm and natural beauty, often highlighted by locals through its outdoor recreation opportunities. Maurice K. Goddard State Park, featuring the 1,860-acre Lake Wilhelm, provides fishing, hiking, and biking. Pymatuning State Park is another large park with extensive recreational activities. Located in northwestern Pennsylvania along the Ohio border, Mercer County is about an hour north of Pittsburgh, with Interstates 79 and 80 providing access. Towns like Grove City, Hermitage, and Sharon contribute to the community's feel, with Grove City known for its college and outlet mall.

Life in Mercer County is characterized by a lower cost of living and a community-focused atmosphere. Public schools in the county are generally above average. Commute times are manageable, and transportation options include local bus services. The economy is seeing growth, particularly in manufacturing, with local companies contributing to advanced projects. There is also ongoing development in industrial and logistics sectors, with new facilities planned. The county actively works to attract new residents, including remote workers, through relocation incentive programs in some towns.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+2.5%

Below national median

Home Prices
+0.8%

Below national median

Climate & Terrain
-2.8

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Mercer County U.S. National

The Numbers

DEMOGRAPHICS
Population
110,600
-0.55% YoY
Median Household Income
$57,353
Median Home Value
$146,100
+0.84% 12mo
Median Rent
$761
Average Annual Pay
$54,120
+4.3% YoY
Employment
43,239
+0.2% YoY
Income-to-Home-Value
0.3926
More affordable than average
Migration Inflow
2.04%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$145,000
Days on Market
78
Slower market
Months of Supply
7.1
Buyer's market
Sale-to-List Ratio
94.0%
Negotiation room for buyers
Sold Above List
19.5%
Listings w/ Price Drops
12.3%
Building Permits (2024)
76
Single-Family Permits
64

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$332M
TOTAL
PROJECT AMOUNT STATUS
Project Cake (Warehousing and Distribution Center)
SunCap Property Group
$100M Proposed
Hickory Fields Development (Former Shenango Valley Mall)
Flicore LLC
$50M Under Construction
Joy Baking Group Cookie Plant Expansion
Joy Baking Group
$50M Under Construction
Wheatland Tube Automated Warehouse and Racking System
Zekelman Industries (Wheatland Tube)
$50M Completed
Community Solar Portfolio (10 projects)
Aspen Power
$42M Completed
Solar Facility on Reclaimed Mine Land
Integrated Consulting
$40M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.5% 47 percentile
Population Growth -0.6% 10 percentile
Income Growth +8.6% 53 percentile
Vacancy Rate 0.9% 65 percentile
Home Price Change +0.8% 42 percentile
Rent Growth +2.3% 39 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Mercer County, PA a good place to move to?

Mercer County has a Boom Town Index score of 46/100, ranking #533 among 996 U.S. counties. With job growth at +0.2% and a median household income of $57,353, it faces some economic headwinds compared to faster-growing counties.

Is Mercer County affordable?

The median home value in Mercer County is $146,100 with median rent at $761/month. The income-to-home-value ratio is 0.3926, which is more affordable than the national average.

Is Mercer County growing or shrinking?

Population growth: -0.6% year-over-year. Job growth: +0.2%. Home values changed +0.8% in the past 12 months.

Are people moving to Mercer County?

Yes — 2.04% of Mercer County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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