Merced, CA home prices
Typical home $413,645 · -0.3% in a year · income needed $114,200
The Merced, CA metro area ranks 135 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.3% in a year and +11.1% over five years. With 20% down at 7.11%, the typical home costs about $2,665 a month including 0.67% property tax (Merced County rate).
Mortgage on the typical Merced home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $82,729 | $330,916 | $2,226 | $0 | $439 | $2,665 | $114,200 |
| 10% down | $41,365 | $372,281 | $2,504 | $155 | $439 | $3,098 | $132,800 |
| 5% down | $20,682 | $392,963 | $2,643 | $164 | $439 | $3,246 | $139,100 |
| 3.5% down (FHA) | $14,478 | $406,153 | $2,732 | $183 | $439 | $3,354 | $143,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.67% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Merced area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Merced County, CA | $413,640 | -0.3% | 0.67% |
What can you afford in California on your salary? · California home prices · Salaries in California
Frequently asked questions
How much is a house in Merced?
The typical home in the Merced, CA metro area is worth $413,645 (Zillow, September 2026).
What salary do you need to buy a house in Merced?
About $114,200 a year for the typical home with 20% down at 7.11%.