Housing in Mercer County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Mercer County averages $1,623/month for a 2‑bedroom in 2024, compared to the New Jersey median of $1,720 and the national median of $1,413. Local renters spend approximately 32% of household income on rent, equal to the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Mercer County FMR Area are $1,471 for a studio, $1,691 for 1‑bedroom, $2,134 for 2‑bedroom, $2,559 for 3‑bedroom, and $2,922 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $511 increase for a 2-bedroom in Mercer County shows a 31% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Mercer County was 4.4% in 2024, compared to New Jersey at 4.5% and the national rate of 4.0%.

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Towns near Princeton

City
County
State
Miles
Mercer
NJ
0.0
Mercer
NJ
1.0
Mercer
NJ
6.7
Mercer
NJ
8.0
Mercer
NJ
8.1
Mercer
NJ
8.9
Mercer
NJ
9.8
Mercer
NJ
10.7
Mercer
NJ
11.7
Mercer
NJ
12.9

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