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


Ask a local expert about this area:
Keller Williams Realty - Cupertino
Snapped 1 home in this area
Berkshire Hathaway HomeServices
Snapped 2 homes in this area
Realty One Group Bmc Assoc
Snapped 8 homes in this area

Agents that specialize in this area
31 snaps in this area
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