Real Estate The housing market continues to be strong in Mercer County, with homes that sell well while remaining affordable for families. The residential market has experienced continual growth, and the commercial market remains steady, with real estate moving quickly. There is also room for new growth throughout the county. Home ownership in the state of Kentucky is above the national average. One reason may be the affordable homes on the market in Mercer County. Looking for a nice three-bedroom home? You can find it for under $100,000. The average home price in the county is under $80,000. If you would prefer to build your dream home in this beautiful area, there are many building lots and new construction services available. Building lots can be purchased at very reasonable rates in town; or, if you would like to live in the country, a 5-acre parcel is affordably priced at just over $30,000. For those wanting a home already built and ready to move into, attractive, well-built new houses are waiting in Mercer County. New home prices average between $95,000 to $100,000. Any of the 12 real estate offices located in Mercer County can help you find your perfect home or office space. The experienced realtors know both the commercial and residential market and make finding the perfect spot almost effortless. If you’re not ready to purchase a home just yet, there are several nice apartment complexes with units for rent. Two-bedroom apartments in Harrodsburg rent for an average of $350 per month, and most utilities are paid. For a slightly larger three-bedroom apartment, you can expect to pay around $450 per month; and once again you will find that most utilities are furnished by the property owner. The overall cost of living in Mercer County continued to be lower than the national average during the first quarter of 2002. The cost of living index rates things such as grocery items, housing, utilities, transportation, healthcare, and miscellaneous goods and services. Mercer County enjoys some of the nation’s lowest-priced utilities. The state’s natural gas prices are well below the national average, and electricity rates are the lowest east of the Mississippi River. Telecommunications for your home are on the cutting-edge, with an extensive telecommunications network servicing the state. Businesses also have a wide range of properties available to buy and rent throughout the county. The market for commercial properties remains strong. You can buy or rent an existing property, or build to suit your company’s needs and desires. The Harrodsburg Industrial Park is located within the city limits of Harrodsburg. The commercial market also enjoys the lowest cost nationally for industrial power, keeping the cost of doing business in your new building very affordable.