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These days, finding an affordable place to live in the Merced Falls area can be challenging. Home prices in Merced Falls are now at a median cost of $376,920, lower than the California average of $812,006.
The average cost of rent is $1,613/mo in Merced Falls, primarily driven by the current value of real estate in the Merced Falls area. In Merced Falls, 31.06% of households rent, and 29.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Merced Falls is $7,113 per month. Households that rent pay about 22.67% of their income on rent here. Merced Falls’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Don Pedro, CA: less expensive homes
- La Grange, CA: higher priced homes
- Hornitos, CA: equally priced homes
- Snelling, CA: higher priced homes
- Mount Bullion, CA: equally priced homes
- Catheys Valley, CA: higher priced homes
- Hickman, CA: higher priced homes
- Cressey, CA: higher priced homes
- Midpines, CA: equally priced homes
- Ballico, CA: higher priced homes
Cities with Similar Populations
- Nisson, WA: equally priced homes
- New Frankfort, IN: less expensive homes
- New Geneva, PA: less expensive homes
- New Grenada, PA: less expensive homes
- New Harrison, OH: less expensive homes
- New London, AR: less expensive homes
- New Market, MO: equally priced homes
- New Rumley, OH: less expensive homes
- New Russia, NY: less expensive homes
- New Salem, IL: less expensive homes
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