Merced, CA Real Estate
According to census data in the year 2000 there were 21,544 housing units in Merced.
This represents a 13.6% growth from 18,965 in 1990.
Of those housing units, 21,467 were located in either urbanized areas or urban clusters, and 77 were located in what is classified as a rural area.
Homeownership rate in Merced is about 46.2%.
Merced's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 3.06 people.
The majority of houses, apartments or condos in Merced were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 9.50% |
| One Bedroom | 18.10% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $106,400 |
| Median Price asked for vacant units | $104,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.08 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $387 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 13.30% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 60.20% |
| Debt Free | 21% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
