Housing data for Lake Township (Mercer County), PA
Lake Township (Mercer County), PA has an estimated 702 residents and 288 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Mercer County.
13.8% of households rent.
The median gross rent is $650 a month.
Figures last updated on .
- Residents
- 702 (±116)
- Housing units
- 288 (±36)
- Households that rent
- 13.8%
- Median gross rent
- $650
- Residents since 2015–2019
- −13.4%
What stands out in Lake Township (Mercer County)
Homes heated by fuel oil: 24.2% (±9.4 points) in Lake Township (Mercer County), higher than in Mercer County (8.8%).
Households without a vehicle: 19.6% (±6.2 points) in Lake Township (Mercer County), higher than in Mercer County (9.6%).
Households that rent: 13.8% (±6.8 points) in Lake Township (Mercer County), lower than in Mercer County (27.6%).
Median home value: $212,000 (±$17,424) in Lake Township (Mercer County), higher than in Mercer County ($164,000).
- Heating fuel in Lake Township (Mercer County)
- Commute and cars in Lake Township (Mercer County)
- Renters and owners in Lake Township (Mercer County)
- Home values in Lake Township (Mercer County)
Housing in Lake Township (Mercer County) at a glance
- Median rent: $650 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 23.3% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 13.8% of households rent
- Income and affordability: $56,250 median household income
- Home values: $212,000 median home value
- Homeowner costs: $1,667 median monthly cost with a mortgage
- Property taxes: $2,037 median real estate taxes a year
- Types of homes: 1.7% of homes are in buildings of 5 or more units
- Bedrooms: 78.9% of homes have 3 or more bedrooms
- Age of homes: 51.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 30.0% heat with electricity
- Commute and cars: 27.1 minutes average trip to work
- Growth: −13.4% residents since 2015–2019 (Small sample: wide margin of error)
- How long people stay: 15.9% moved in since 2020
- Crowding and facilities: 5.9% of homes have more than 1 person per room (Small sample: wide margin of error)
Lake Township (Mercer County) against Mercer County, its state and the nation
| Lake Township (Mercer County) | Mercer County | Pennsylvania | United States | |
|---|---|---|---|---|
| Residents | 702 (±116) | 109,257 (exact) | 13,018,639 (exact) | 334,922,499 |
| Housing units | 288 (±36) | 50,930 (±117) | 5,806,452 (±672) | 143,775,355 |
| Households that rent | 13.8% (±6.8 points) | 27.6% (±1.3 points) | 30.7% (±0.2 points) | 34.8% |
| Median gross rent | $650 (±$624) | $843 (±$35) | $1,209 (±$5) | $1,413 |
| Median household income | $56,250 (±$14,878) | $59,976 (±$1,687) | $77,971 (±$342) | $80,734 |
| Median home value | $212,000 (±$17,424) | $164,000 (±$3,160) | $254,500 (±$767) | $332,700 |
| Median real estate taxes (a year) | $2,037 (±$249) | $1,936 (±$51) | $3,311 (±$12) | $3,119 |
| Built before 1980 | 51.7% (±12.6 points) | 72.5% (±2.2 points) | 67.3% (±0.2 points) | 49.7% |
| Average commute | 27.1 minutes (±3.7) | 21.7 minutes (±0.8) | 26.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 74.2% (±6.4 points) | 85.7% (±1.3 points) | 89.7% (±0.1 points) | 91.0% |
| Median age of residents | 31.6 years (±3.5) | 45.1 years (±0.3) | 40.9 years (±0.2) | 38.9 years |
Lake Township (Mercer County) covers 16.4 square miles of land, about 43 residents per square mile (Census Bureau Gazetteer).
How Lake Township (Mercer County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 811 (±105) | 702 (±116) | −13.4% | Not a measurable change |
| Housing units | 321 (±45) | 288 (±36) | −10.3% | Not a measurable change |
| Median gross rent | $608 (±$35) | $650 (±$624) | +6.9% | No measurable change after inflation |
| Median home value | $164,600 (±$13,067) | $212,000 (±$17,424) | +28.8% | No measurable change after inflation |
| Median household income | $60,972 (±$11,907) | $56,250 (±$14,878) | −7.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,169 (±$163) | $1,667 (±$285) | +42.6% | No measurable change after inflation |
| Median real estate taxes | $1,375 (±$157) | $2,037 (±$249) | +48.1% | Up after inflation |
| Households that rent | 11.7% (±5.9 points) | 13.8% (±6.8 points) | +2.1 percentage points | Not a measurable change |
| Rental vacancy rate | 17.5% (±23.6 points) | 0.0% (±51.6 points) | −17.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Mercer County
Lake Township (Mercer County) has no police department of its own in the FBI’s figures, so this is the figure for Mercer County as a whole.
In 2025, the police departments that report for Mercer County recorded 169 violent and 762 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Lake Township (Mercer County)
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 16153 | 19% | 2,234 | $853 | $149,300 | $63,750 |
| 16133 | 13% | 1,425 | $921 | $201,200 | $76,713 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lake Township (Mercer County)
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Stoneboro | 1.4 mi | $847 | $112,700 | 28.7% |
| Sandy Lake | 2.9 mi | $751 | $177,300 | 37.1% |
| New Vernon Township | 3.8 mi | $957 | $211,800 | 15.9% |
| Sandy Lake Township | 4.1 mi | $788 | $169,400 | 9.1% |
| Fairview Township (Mercer County) | 4.2 mi | $923 | $259,700 | 19.1% |
| Jackson Center | 4.8 mi | $763 | $122,800 | 10.4% |
| Perry Township (Mercer County) | 5.6 mi | $800 | $164,600 | 15.9% |
| New Lebanon | 6.1 mi | $850 | $163,200 | 19.0% |
Places in Pennsylvania most like Lake Township (Mercer County)
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Warsaw Township | $706 | $174,500 | $61,176 | 14.6% |
| Spring Creek Township (Warren County) | $579 | $190,000 | $60,000 | 11.3% |
| South Mahoning Township | $579 | $185,400 | $61,786 | 11.5% |
| Crawford Township | $688 | $215,700 | $65,179 | 10.6% |
| Lebanon Township | $736 | $227,900 | $50,114 | 17.6% |
| Beale Township | $646 | $241,800 | $67,750 | 16.9% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Pennsylvania.
HUD Fair Market Rent for Lake Township (Mercer County), fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $716 | $810 | $1,028 | $1,423 | $1,615 |
HUD income limits for Lake Township (Mercer County), fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $18,100 | $30,200 | $48,300 |
| 2 people | $21,640 | $34,500 | $55,200 |
| 3 people | $27,320 | $38,800 | $62,100 |
| 4 people | $33,000 | $43,100 | $68,950 |
| 5 people | $38,680 | $46,550 | $74,500 |
| 6 people | $44,360 | $50,000 | $80,000 |
| 7 people | $50,040 | $53,450 | $85,500 |
| 8 people | $55,720 | $56,900 | $91,050 |
These are the limits HUD sets for its housing programs in the Mercer County, PA, where HUD’s median family income for fiscal year 2026 is $83,600.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lake Township (Mercer County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lake Township (Mercer County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lake Township (Mercer County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Lake Township (Mercer County), and send estimates and invoices from your phone.
Questions about Lake Township (Mercer County)
How many renters are there in Lake Township (Mercer County)?
Lake Township (Mercer County) has an estimated 33 (±17) renting households, 13.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lake Township (Mercer County)?
The median household income in Lake Township (Mercer County) is $56,250 (±$14,878) a year (2020–2024 American Community Survey).
What is the average home value in Lake Township (Mercer County), PA?
The Census Bureau publishes the median: $212,000 (±$17,424) for owner-occupied homes in Lake Township (Mercer County) (2020–2024 American Community Survey).
What is the average mortgage payment in Lake Township (Mercer County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Township (Mercer County), PA is $1,667 (±$285) a month, including taxes, insurance and utilities.
How much are property taxes in Lake Township (Mercer County)?
The median real estate tax paid by homeowners in Lake Township (Mercer County), PA is $2,037 (±$249) a year (2020–2024 American Community Survey).
How many homes are in Lake Township (Mercer County)?
Lake Township (Mercer County), PA has an estimated 288 (±36) housing units, occupied and vacant (2020–2024 American Community Survey).
Is Lake Township (Mercer County) growing?
In Lake Township (Mercer County), the number of residents went from 811 in 2015–2019 to 702 in 2020–2024 (−13.4%), not a measurable change.
What ZIP codes are in Lake Township (Mercer County)?
The ZIP codes that cover Lake Township (Mercer County) are 16153, 16133.
What is the median rent in ZIP code 16153?
The median gross rent in ZIP Code Tabulation Area 16153 is $853 (±$23) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake township, Mercer County, Pennsylvania
- HUD Fair Market Rents, fiscal year 2027: Mercer County, PA
- HUD Income Limits, fiscal year 2026: Mercer County, PA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake township, Mercer County, Pennsylvania (county subdivision:40928, in state:42 county:085).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .