Merced First-Time Homebuyer Report for October

Merced is a city that is growing faster than others in California at a 10-year growth rate of 21.6%. It also has a larger than average population of 78,958 people. 95340, 95341, and 95348 are the three largest zip codes in terms of population. Homes in Merced are relatively old with a median age of 32 years. Topping the list of best schools in the city is Donn B. Chenoweth Elementary School.

Price Range

Some of the least expensive homes in California are in Merced with a median home value of $111,300, while the list prices of available homes is currently at an average of $238,222. The Merced market looked active in this week's report, as the number of home sales climbed 6.8%, pushing the total to 78 homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Merced that generated the most views from potential buyers:

$340K   $269K   $499K  

Typical Dwelling

A three-bedroom detached home valued around $204,140 is considered a typical dwelling in Merced. If a buyer was looking for a similar home, they would need good credit and a $40,828 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,052 and the property tax rate is $8.24 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Berkshire Hathaway HomeServices -www.AngelesLomeli.com
Snapped 2 homes in this area
Keller Williams Realty - Cupertino
Snapped 1 home in this area
London Properties 01942312
Snapped 31 homes in this area

Agents that specialize in this area
8 snaps in this area
4 snaps in this area
2 snaps in this area
1 snap 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.