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.
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Price range: $150,000 (starter) to $990,000 (executive)
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Median price: 63% less than state average
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).
