HousingHandbookReference data

U.S. ZIP Code · PA16150

Mercer County

Typical home value

$175,639[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.8%
5-year / yr
+5.6%
10-year / yr
+5.2%

Relative price

vs U.S.
-38.2%
vs metro
vs state
-24.8%
ZIP 16150 location in PA
Location of ZIP 16150 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 16150 is worth $175,639. Over the past year, values have risen 3.8%. Homes here rent for a typical $800 a month — a 5.5% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$800[2]
Gross yield
5.5%[2]
Cap rate
3.3%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.4%[3]
Typical annual tax
$2,446[3]

#Climate risk

FEMA National Risk Index ratings for Mercer County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
6,856[3]
Median household income
$56,334[3]

#Migration

Household moves in and out of Mercer County over a year, from IRS tax-return data.

Net migration
-218[5]
Moved in
1,867
Moved out
2,085

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Sharpsville Area El Sch

    Elementary · Grades K–5 · Sharpsville Area SD

    448 students

  • Sharpsville Area SHS

    High · Grades 9–12 · Sharpsville Area SD

    345 students

  • Sharpsville Area MS

    Middle · Grades 6–8 · Sharpsville Area SD

    231 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield5.5%
Net yield (after ~40% expenses)3.3%
Annual rent$9,600

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$888
Loan principal$140,511
Down payment$35,128
Total interest paid$179,215

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.55
Monthly cost to own$1,238
Monthly rent$800

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 16150?
The typical home in 16150 is worth $175,639, based on the Zillow Home Value Index.
Are home values rising in 16150?
Home values in 16150 are up 3.8% over the past year, and up 5.6% a year over five years.
What is the typical rent in 16150?
A typical home in 16150 rents for about $800 a month, a gross rental yield of 5.5%.
What is the property tax rate in 16150?
The effective property tax rate in 16150 is 1.4% — roughly $2,446 a year on a typical home.
Who lives in 16150?
ZIP code 16150 has a population of 6,856 and a median household income of $56,334.

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