What percentage of people rent in Lake Township (Mercer County), PA?

Name: Renters and owners in Lake Township (Mercer County), PA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

13.8% (±6.8 points) of the occupied homes in Lake Township (Mercer County), PA are rented (2020–2024 American Community Survey).

That is 33 renting households against 207 that own their home.

In Lake Township (Mercer County), the share of households that rent went from 11.7% in 2015–2019 to 13.8% in 2020–2024 (+2.1 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 13.8% (±6.8 points)
Renting households: 33 (±17)
Median renter income: $47,031 (±$5,362)

Who rents and who owns in Lake Township (Mercer County)

Tenure, estimate (90% margin of error)
	Lake Township (Mercer County)	Mercer County	Pennsylvania	United States
Renter-occupied share	13.8% (±6.8 points)	27.6% (±1.3 points)	30.7% (±0.2 points)	34.8%
Renting households	33 (±17)	12,845 (±625)	1,617,882 (±10,181)	45,017,354
Owning households	207 (±32)	33,679 (±697)	3,656,971 (±15,249)	84,210,142
Average renter household size	2.3 (±0.5)	1.9 (±0.1)	2.1 (±0.0)	2.3
Average owner household size	3.0 (±0.4)	2.3 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$47,031 (±$5,362)	$34,301 (±$3,562)	$47,506 (±$425)	$52,966
Median owner household income	$61,458 (±$14,217)	$74,426 (±$2,020)	$95,990 (±$362)	$100,009

In Lake Township (Mercer County), the renter share is lower than in Mercer County (27.6%).

It is also lower than in Pennsylvania (30.7%).

It is lower than the national figure (34.8%).

In Mercer County, Lake Township (Mercer County) ranks 31 of 48 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 1695 of 2,557.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lake Township (Mercer County) has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	11.7% (±5.9 points)	13.8% (±6.8 points)	+2.1 percentage points	Not a measurable change
Median gross rent	$608 (±$35)	$650 (±$624)	+6.9%	No measurable change after inflation
Median household income	$60,972 (±$11,907)	$56,250 (±$14,878)	−7.7%	No measurable change after inflation

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.

Households that rent in places near Lake Township (Mercer County)

Nearest places with a published estimate, compared with Lake Township (Mercer County)
Place	Distance	Households that rent	Compared with this place
Lake Township (Mercer County)	—	13.8% (±6.8 points)	—
Stoneboro	1.4 mi	28.7% (±8.0 points)	Higher
Sandy Lake	2.9 mi	37.1% (±9.8 points)	Higher
New Vernon Township	3.8 mi	15.9% (±7.3 points)	Not measurably different
Sandy Lake Township	4.1 mi	9.1% (±4.8 points)	Not measurably different
Fairview Township (Mercer County)	4.2 mi	19.1% (±7.0 points)	Not measurably different
Jackson Center	4.8 mi	10.4% (±9.9 points)	Not measurably different
Perry Township (Mercer County)	5.6 mi	15.9% (±7.3 points)	Not measurably different
New Lebanon	6.1 mi	19.0% (±13.9 points)	Not measurably different

Nearby places with a measurably higher figure: Stoneboro, PA (28.7%), Sandy Lake, PA (37.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Mercer County, place by place

Rank	Place	Households that rent
25 (tie)	New Vernon Township	15.9% (±7.3 points)
25 (tie)	Perry Township (Mercer County)	15.9% (±7.3 points)
27	South Pymatuning Township	15.3% (±7.0 points)
28	Delaware Township (Mercer County)	15.1% (±12.2 points)
29	West Middlesex	14.4% (±6.7 points)
30	Clark	14.0% (±8.3 points)
31	Lake Township (Mercer County)	13.8% (±6.8 points)
32	Lackawannock Township	12.7% (±5.4 points)
33	Liberty Township (Mercer County)	12.5% (±5.5 points)
34	Coolspring Township	12.4% (±11.1 points)
35	Findley Township	12.1% (±4.8 points)
36	Sandy Creek Township	11.3% (±5.3 points)
37	Worth Township (Mercer County)	11.0% (±4.8 points)

Showing 13 of 48 places in Mercer County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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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).

Is renting growing in Lake Township (Mercer County)?

In Lake Township (Mercer County), the share of households that rent went from 11.7% in 2015–2019 to 13.8% in 2020–2024 (+2.1 percentage points), not a measurable change.

How big are renting households in Lake Township (Mercer County)?

A renting household in Lake Township (Mercer County) has 2.3 people on average, against 3.0 in an owned home.

How much do renters earn in Lake Township (Mercer County)?

The median renting household in Lake Township (Mercer County), PA has an income of $47,031 (±$5,362) a year, against $61,458 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.