Housing in Merced, CA is relatively affordable compared to the US average. The median house value in Merced is $373,000, while the US median house value stands at $338,100. This difference of approximately $35,000 makes housing more accessible for many people looking to buy a home in the area. Additionally, while the US has seen an 8.27% appreciation rate over the last year, the appreciation rate for housing in Merced has been slightly lower at 3.39%. Overall, this suggests that housing in Merced provides an attractive balance between price and appreciation potential.
The median home cost in Merced is $373,000. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Merced is up 11.1%.
Average Age of Homes
- The median age of Merced real estate is 35 years old
The Rental Market in Merced
- Renters make up 52.7% of the Merced population
- 3.5% of houses and apartments in Merced, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.