Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Merced area can be challenging. Home prices in Merced are now at a median cost of $268,068, lower than the California average of $648,235.
The average cost of rent is $1,242/mo in Merced, primarily driven by the current value of real estate in the Merced area. While nearly 38.77% of residents own their homes outright in Merced, 51.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Merced is $5,137 per month. Households that rent pay about 24.18% of their income on rent here. Merced's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Buhach, CA: higher priced homes
- Castle Garden, CA: equally priced homes
- McSwain, CA: higher priced homes
- Tuttle, CA: higher priced homes
- Atwater, CA: higher priced homes
- Calpack, CA: higher priced homes
- Planada, CA: equally priced homes
- Winton, CA: equally priced homes
- Cressey, CA: higher priced homes
- Le Grand, CA: higher priced homes
Cities with Similar Populations
- Lexington, KY: less expensive homes
- Littleton, CO: higher priced homes
- Lubbock, TX: less expensive homes
- Livermore, CA: higher priced homes
- Johnson City, TN: less expensive homes
- Jonesboro, GA: less expensive homes
- Jacksonville, FL: equally priced homes
- Kalamazoo, MI: less expensive homes
- Jonesboro, AR: less expensive homes
- Indianapolis, IN: less expensive homes
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