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Mercer County, PA

Hermitage

RANK #357 / 996 NAT  ·  #16 / 44 PA  ·  POP 110,600

1YR FORECAST: +1.2%

5YR OUTLOOK: +27%

Mercer County's housing market is projected to grow +1.2% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Wabtec US Rail Inc. Manufacturing
  2. 2
    State Government Government
  3. 3
    Wal-Mart Associates Inc. Retail
  4. 4
    Joy Cone Company Manufacturing
  5. 5
    UPMC Horizon Healthcare
  6. 6
    First National Bank of Pennsylvania Finance
  7. 7
    Steward Sharon Regional Health System Healthcare
  8. 8
    NLMK Pennsylvania Corp. Manufacturing
  9. 9
    Grove City College Education
  10. 10
    Estes Express Lines Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
24.1%
of residents (national avg: 33%)

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] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.2
per 100K · nat avg 6.3
Firearm Fatalities
12.2
per 100K · nat avg 14.8
Injury Deaths
111.5
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
41.3
Good
Good Air Days
73%
802 of 1,092 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
40
2022
40
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 64/100, Mercer County sits in the upper half of all 996 ranked counties. and median household income stands at $57,353 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in PA.

Is Mercer County affordable?

By national standards, Mercer County is quite affordable. Homes here have a median value of $146,100, and the income-to-home-value ratio of 0.39 is well above the U.S. average — especially with median rent at just $761/month. Residents can generally buy a home without being cost-burdened.

Is Mercer County growing or shrinking?

Mercer County is losing population (-0.6% YoY) while the job market is essentially flat (+0.2% employment change). Home values are +0.8% over the past 12 months. A slow-bleed pattern — not a collapse, but residents are leaving faster than employers are hiring.

Are people moving to Mercer County?

There's a moderate stream of newcomers. About 2.04% of residents moved from another state, which is above average and suggests Mercer County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

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