Merced - CA housing market
The Merced metro has a typical home value of $413,645, down 0.3% from a year ago. Homes sell in 29 days on average, a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.
Merced housing market, October 2026
The typical Merced home is worth $413,645 as of September 2026, up 0.0% from the prior month, down 0.0% over three months, and down 0.3% from a year ago. Over the past two years values have ranged from $413,506 to $423,667.
Homes are going pending in about 29 days, slower than the 23 days seen three months earlier. There are roughly 583 homes for sale, 6% fewer than a year ago. 22.0% of listings have taken a price cut (up from 19.0% three months ago).
Typical rent is $2,059 a month, up 1.1% year over year, which puts the price-to-rent ratio at 16.7.
At this week's 7.40% mortgage rate with 20% down ($82,729), the typical Merced home costs about $2,808 a month including tax and insurance, which needs a household income of roughly $120,400 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 ($413,645) 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 0.3% over the past year. A home worth $414,890 last year is now worth roughly $413,645.
The median sale price, what homes actually close for, is $404,162. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.
Homes listed in Merced - CA sit on the market for roughly 29 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 165 new listings hit the market each month in Merced - CA. There are currently 583 homes for sale, down 6.4% from a year ago.
The typical monthly rent in Merced - CA is $2,059, up 1.1% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 16.7x, toss-up (#102 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,291 a month in principal and interest, $232 more than renting before taxes, insurance and upkeep. The two break even at a 6.35% 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 →
Protect what you own.
Sponsored links. See our affiliate disclosure.
Other metros in CA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Los Angeles - CA | $950,020 | +1.3% | 26.0d |
| San Francisco - CA | $1,120,379 | +3.1% | 16.0d |
| Riverside - CA | $580,321 | +0.6% | 31.0d |
| San Diego - CA | $926,961 | +0.8% | 25.0d |
| Sacramento - CA | $572,813 | +0.0% | 22.0d |
| San Jose - CA | $1,523,615 | +0.2% | 17.0d |