Home Values

Merced Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Merced is $119, which is lower than the Merced Metro average of $122. The median price of homes currently listed in Merced is $195,500 while the median price of homes that sold is $205,500. The median rent price in Merced is $775, which is lower than the Merced Metro median of $800.

Foreclosures will be a factor impacting home values in the next several years. In Merced 3.7 homes are foreclosed (per 10,000). This is lower than the Merced Metro value of 3.9 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Merced is 3.9%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Merced homeowners underwater on their mortgage is 25.9%, which is lower than Merced Metro at 26.3%.

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Relative ZHVI
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Merced Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $195,500 Median listing price
  • $205,500 Median sale price
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Merced Market Health

Data through Aug 31, 2014
  • 2.3/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 25.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.7 homes Merced
3.9 homes Merced Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Denair $252,500
La Grange $191,600
Waterford $175,900
Name Median ZHVI
Chowchilla $155,900
Winton $128,600
 

Listings & Sales

Data through Aug 31, 2014
  • $119 Median list price / sq ft
  • $122 Median sale price / sq ft
  • 35.1% Listings with price cut
19.0%
Sold below listing
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Merced Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,037 Merced
    $1,040 Merced Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $775 Rent list price
  • $0.75 Rent list price / sq ft
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