Rental market snapshot for Merced, California

Merced, California Rental Property Market Overview

Merced, California is a city located in the Central Valley of California. As of 2021, the population of Merced is 89,308, according to the US Census. Merced is home to the University of California, Merced, and is known for its diverse culture and vibrant downtown area. The city is a popular destination for outdoor recreation, with many parks, trails, and lakes located nearby. Merced is also a great place to explore the history and culture of the Central Valley, with many museums and historic sites to visit.

The average rent for an apartment in Merced is $2,019. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -7.8% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Merced California | Cost of Living

  • The most expensive ZIP Code in Merced is 95340 with an average price of $1,850
  • The cheapest ZIP Code in Merced is 95348 with an average price of $1,495

Merced ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
195340$1,850
295348$1,545

Live near Merced, California's Top Sights and Attractions

Fahrens Park is a large, lush park located in the Central Valley of California. It features a variety of outdoor activities, including a large lake, walking trails, picnic areas, playgrounds, and a disc golf course. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to spend a day outdoors, enjoying the natural beauty of the area.

Black Rascal Park and Bike Path is a scenic outdoor area located in Merced, California. It features a wide, paved bike path that winds through the park, providing a great spot for biking, running, and walking. The park also has a playground, picnic areas, and plenty of open space for activities. The park is surrounded by lush trees and vegetation, making it a great spot to relax and enjoy nature.

McNamara Park is a large, lush park located in the heart of the city. It features a variety of recreational activities, including a large playground, a walking path, a basketball court, a baseball field, and a picnic area. The park also has a pond with ducks and geese, and a large grassy area perfect for picnics and outdoor activities. The park is a popular spot for families and friends to gather and enjoy the outdoors.

Joe Herb Park is a scenic outdoor destination located in the Central Valley of California. It features a large lake, walking trails, and plenty of open green space for visitors to enjoy. The park also has a playground, picnic areas, and a variety of wildlife, including ducks, geese, and other birds. The lake is stocked with fish, making it a great spot for fishing. The park is a popular spot for families and friends to gather and enjoy the outdoors.

Rahilly Park is a large, lush park located in the heart of the city. It features a variety of amenities, including a playground, picnic areas, walking paths, and a lake. The lake is stocked with fish and is a popular spot for fishing and boating. The park also has a large open grassy area, perfect for sports and other outdoor activities. There are also several benches and tables scattered throughout the park, making it a great place to relax and enjoy the outdoors.

Santa Fe Strip Park is a large outdoor park located in the heart of Merced. It features a variety of activities and attractions, including a large playground, picnic areas, walking trails, a lake, and a skate park. The park also has a variety of sports courts, including basketball, tennis, and volleyball. There are also several pavilions and a gazebo for special events. The park is a great place to spend the day with family and friends, and is a popular spot for locals and visitors alike.

Flanagan Park is a large outdoor recreation area located in the Central Valley of California. It features a variety of activities, including a lake, a playground, picnic areas, and a walking trail. The lake is stocked with trout, bass, and catfish, and visitors can rent boats or fish from the shore. The playground has swings, slides, and a variety of other play structures. Picnic areas are scattered throughout the park, and the walking trail is a great way to explore the park's natural beauty.

Macias Park is a large outdoor recreational area located in the Central Valley of California. It features a variety of activities for visitors to enjoy, including a large lake with a fishing pier, a playground, picnic areas, and a walking trail. There are also several sports fields, including a baseball diamond, basketball court, and soccer field. The park also has a large pavilion with a stage for outdoor concerts and events.

Courthouse Square is a vibrant public space located in the heart of downtown Merced. It is a popular gathering place for locals and visitors alike, featuring a variety of activities and attractions. The square is surrounded by historic buildings, including the Merced County Courthouse, and is home to a variety of shops, restaurants, and entertainment venues. It also hosts a variety of events throughout the year, including concerts, festivals, and art shows.

Elmer Murchie Park is a large outdoor recreational area located near the center of town. It features a large grassy area with plenty of trees for shade, a playground, a basketball court, and a picnic area. The park also has a walking path that winds around the perimeter, providing a great place to take a leisurely stroll. There is also a pond with a fountain in the center, making it a great spot for birdwatching.

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Merced, California area median rent change by ZIP Code map

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How does Merced compare to other cities in California ?

citymedian price
Oroville$1,195
San Fernando$3,395
Indio$2,999
Bell$3,275
Burlingame$2,775
El Cerrito$2,447
Rocklin$2,550
Antelope$2,325
Hesperia$1,995

Average household income in Merced area graph - US Census

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The median household income in Merced in 2021 was $49,973. This represents a 35.0% change from 2011 when the median was $37,025.

#categorypercent
0Less than $10,0008.6%
1$10,000 to $14,9996.4%
2$15,000 to $19,9995.1%
3$20,000 to $24,9996.0%
4$25,000 to $29,9994.9%
5$30,000 to $34,9994.9%
6$35,000 to $39,9994.9%
7$40,000 to $44,9995.1%
8$45,000 to $49,9994.1%
9$50,000 to $59,9997.9%
10$60,000 to $74,99911.9%
11$75,000 to $99,99910.2%
12$100,000 to $124,9997.1%
13$125,000 to $149,9995.1%
14$150,000 to $199,9993.9%
15$200,000 or more3.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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