Merced County First-Time Homebuyer Report for October

Merced County is a county in California with a median income of $43,931 per household. Besides being less affluent than average, its population is much older than others with a median age of 29 years. The three cities with the largest populations are Merced, Los Banos, and Atwater. Detached homes account for 98% of the area's current housing market. Topping the list of best schools in the county is Gratton Elementary School.

Price Range

Merced County has some of the more affordable homes in the state with a median home value of $107,600 and a current average list price of $257,070. The number of home sales in the Merced County market climbed 8.3% to 143 homes over the last 30 days.

Out of all the listings in Merced County, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$340K   $269K   $395K  

Typical Dwelling

A three-bedroom detached home valued around $229,715 is considered a typical dwelling in Merced County. If a buyer was looking for a similar home, they would need good credit and a $45,943 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,061 and the property tax rate is $8.24 per $1,000 of taxable assessed value.

Get started right now by checking out Merced County homes for sale or reviewing Merced County real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Keller Williams Action Realty LLC
Snapped 2 homes in this area
Intero Real Estate Services
Snapped 17 homes in this area
D Alvarez Group
Snapped 3 homes in this area

Agents that specialize in this area
3 snaps in this area
4 snaps in this area
33 snaps in this area
1 snap in this area
1 snap in this area
8 snaps in this area
8 snaps in this area
1 snap in this area
1 snap in this area
2 snaps in this area
©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.