Merced - CA housing market
The Merced metro has a typical home value of $417,265, down 0.6% from a year ago. Homes sell in 30 days on average, a balanced market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.
Merced housing market, October 2026
The typical Merced home is worth $417,265 as of August 2026, up 0.0% from the prior month, down 0.1% over three months, and down 0.6% from a year ago. Over the past two years values have ranged from $417,138 to $427,388.
Homes are going pending in about 30 days, slower than the 20 days seen three months earlier. There are roughly 583 homes for sale, 6% fewer than a year ago. 20.7% of listings have taken a price cut (up from 19.1% three months ago).
Typical rent is $2,036 a month, up 1.5% year over year, which puts the price-to-rent ratio at 17.1.
At this week's 7.40% mortgage rate with 20% down ($83,453), the typical Merced home costs about $2,833 a month including tax and insurance, which needs a household income of roughly $121,400 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($417,265) is the Zillow Home Value Index for the Merced - CA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.6% over the past year. A home worth $419,784 last year is now worth roughly $417,265.
The median sale price, what homes actually close for, is $406,940. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.
Homes listed in Merced - CA sit on the market for roughly 30 days before going pending. Shorter = seller's market; longer = buyer's market.
About 20.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 174 new listings hit the market each month in Merced - CA. There are currently 583 homes for sale, down 6.1% from a year ago.
The typical monthly rent in Merced - CA is $2,036, up 1.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 17.1x, toss-up (#96 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,311 a month in principal and interest, $275 more than renting before taxes, insurance and upkeep. The two break even at a 6.16% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in CA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Los Angeles - CA | $952,601 | +1.2% | 24.0d |
| San Francisco - CA | $1,123,193 | +2.3% | 17.0d |
| Riverside - CA | $581,454 | +0.2% | 30.0d |
| San Diego - CA | $930,785 | +0.5% | 22.0d |
| Sacramento - CA | $574,820 | -0.3% | 20.0d |
| San Jose - CA | $1,527,731 | +0.2% | 19.0d |