The housing median value in Merced, CA County is significantly higher than the US house median value of $338,100. This could be due to the county’s proximity to major cities such as San Francisco and Los Angeles. The US house appreciation rate of 8.27% is also much higher than the 1 year house appreciation rate in Merced, CA County at 5.19%. This slower appreciation rate could be attributed to the county’s lower population density and slower job growth compared to other areas in California. Despite this slower rate of appreciation, Merced, CA County still remains an attractive option for potential homeowners looking for a more affordable alternative to other parts of the state.
The median home cost in Merced County is $390,500. Home appreciation the last 10 years has been 178.8%. Home Appreciation in Merced County is up 12.0%.
Average Age of Homes
- The median age of Merced County real estate is 35 years old
The Rental Market in Merced County
- Renters make up 43.2% of the Merced County population
- 1.5% of houses and apartments in Merced County, 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.