Much like the surrounding areas, it's a little more expensive compared to the entire nation. Compared to the city of San Jose however, it's substantially less expensive.
Home prices
The median home in Merced is valued at $237,500. This is about $2,660 (1%) lower compared to the surrounding areas.In comparison to the United States as a whole it is approximately $20,000 (9%) higher, and compared to the city of San Jose is approximately $627,100 (72%) lower.
Rents
Merced's median monthly rent is $1,005. It is roughly $79 (8%) higher in comparison to other places in this area.Compared to the rest of the country it is about $57 (5%) lower, and is about $1,102 (52%) lower in comparison to the city of San Jose.
Nearby places
Franklin
Franklin is Merced's neighbor to the northwest. The real estate prices there are a bit less expensive. The cost of the median home in Franklin is $195,900, which is $41,600 (21%) lower than Merced. The rent there is somewhat more expensive. The median rent in Franklin is $1,105 per month, which comes out to $100 (9%) higher than Merced.
McSwain
McSwain is about 5 miles west from Merced. Its real estate prices are significantly more expensive. The median home in McSwain costs $458,100, which works out to $220,600 (48%) higher than Merced. Rent there is a little less expensive. In McSwain the median monthly rent is $927, which comes out to $78 (8%) lower than Merced.
Atwater
Atwater is approximately 6 miles northwest of Merced. Its housing prices are pretty similar. The median home value in Atwater is $229,400, which works out to $8,100 (3%) lower than Merced. The rent there is pretty similar. The median rent in Atwater is $998 a month, which is very similar to Merced.
Planada
Planada is roughly 7 miles east of Merced. Its housing prices are significantly less expensive. The value of the median home in Planada is $145,500, which comes out to $92,000 (63%) lower than Merced. Rents there are substantially less expensive. Planada's median monthly rent is $761, which comes out to $244 (32%) lower than Merced.
Winton
Winton is about 8 miles northwest of Merced. The real estate prices there are a lot less expensive. The median home in Winton is valued at $171,900, which comes out to $65,600 (38%) lower than Merced. The rent there is a bit less expensive. The median monthly rent in Winton is $838, which works out to $167 (19%) lower than Merced.
