Market Overview
Home Prices in Mercersburg, PA
The median home value in Mercersburg, PA is $298,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mercersburg are priced27% below average. Mercersburg is part of the Chambersburg-Waynesboro, PA metro area.
Over the past five years, Mercersburg home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Mercersburg Home Price Trend
City Comparison
Mercersburg vs. National Median
At $298,577, homes in Mercersburg cost 27% below the national median of $410,000. This makes Mercersburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mercersburg?
20% Down Payment
$59,715
on $298,577
Monthly P&I
$1,557/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,977/mo
incl. taxes & insurance
Income Needed
$79,080
gross annual (30% rule)
10% Down Option
$29,858
+ PMI applies
Loan Amount (20% dn)
$238,862
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Mercersburg, PA?
The median home value in Mercersburg is $298,577 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Mercersburg?
Over the past year, home values in Mercersburg have increased by 2.9%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Mercersburg?
To comfortably afford the median home price of $298,577 with a 20% down payment ($59,715) at today's rates (6.8%), you'd need a gross annual income of approximately $79,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Mercersburg compare to the national average home price?
The national median home value is approximately $410,000. At $298,577, homes in Mercersburg are 27% below the national average.
What metro area is Mercersburg part of?
Mercersburg is part of the Chambersburg-Waynesboro, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.