Housing

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SNAPSHOT:

Affordable Lifestyle. You and your employees can afford to live close to work in Merced. The City has planned out to 2030 to ensure quality living spaces and compatibility with industrial areas.

  • Price range: $150,000 (starter) to $990,000 (executive)

  • Median price: 63% less than state average

stock photo front porch

Housing Costs

Realtor.com (March 2022).

STARTER: 1 or 2 bedrm; 1000+ sf; 20+ yrs old   

MID_LEVEL: 3 or 4 bedrm; 1200+ sf; 10+ yrs old

EXECUTIVE: 4+ bedrm; 2000+ sf; 5+ yrs old

Affordability - Traditional Homes

The affordability index shows the percentage of households that can afford to purchase a median-price, single family home (a higher percentage means housing is more affordable).

Source: California Association of Realtors, 4th Quarter 2021 (March 2022).

Affordability - First-time Buyers

The affordability index shows the percentage of households that can afford to purchase a median-price, single family home (a higher percentage means housing is more affordable).

Source: California Association of Realtors, 4th Quarter 2021 (March 2022).

Rental Costs

Source:  Apartments.com, Trulia, Zillow (March 2022).