HousingHandbookReference data

U.S. ZIP Code · CA95301

Merced County · Merced, CA

Typical home value

$422,842[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+4.4%
10-year / yr
+7.0%

Relative price

vs U.S.
+48.9%
vs metro
+1.5%
vs state
-39.6%
ZIP 95301 location in CA
Location of ZIP 95301 in CA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 95301 is worth $422,842 — 1.5% above the Merced, CA median. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,724 a month — a 4.9% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,724[2]
Gross yield
4.9%[2]
Cap rate
2.9%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$2,808[3]

#Climate risk

FEMA National Risk Index ratings for Merced County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Very High
Heat wave
Relatively High
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Relatively High
Winter weather
Very Low

#Who lives here

Population
43,009[3]
Median household income
$68,349[3]

#Migration

Household moves in and out of Merced County over a year, from IRS tax-return data.

Net migration
-679[5]
Moved in
4,726
Moved out
5,405

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
13
Elementary
7
Middle
3
High
3
  • Atwater High

    High · Grades 9–12 · Merced Union High

    2,051 students

  • Buhach Colony High

    High · Grades 9–12 · Merced Union High

    1,658 students

  • Mitchell Intermediate

    Middle · Grades 7–8 · Atwater Elementary

    757 students

  • Peggy Heller Elementary

    Elementary · Grades K–8 · Atwater Elementary

    707 students

  • Bellevue Elementary

    Elementary · Grades K–6 · Atwater Elementary

    621 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.9%
Net yield (after ~40% expenses)2.9%
Annual rent$20,690

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,138
Loan principal$338,273
Down payment$84,568
Total interest paid$431,449

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.58
Monthly cost to own$2,723
Monthly rent$1,724

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
88th percentile[1]
Rental yield
0th percentile[2]
Property tax
47th percentile[3]

Frequently asked

How much is a home worth in ZIP code 95301?
The typical home in 95301 is worth $422,842, based on the Zillow Home Value Index.
Are home values rising in 95301?
Home values in 95301 are up 0.5% over the past year, and up 4.4% a year over five years.
What is the typical rent in 95301?
A typical home in 95301 rents for about $1,724 a month, a gross rental yield of 4.9%.
What is the property tax rate in 95301?
The effective property tax rate in 95301 is 0.7% — roughly $2,808 a year on a typical home.
Who lives in 95301?
ZIP code 95301 has a population of 43,009 and a median household income of $68,349.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Santa Nella CDP, CA

    Typical home
    $421,074
    Gross yield
  • Livingston, CA

    Typical home
    $427,288
    Gross yield
  • Merced, CA

    Typical home
    $416,630
    Gross yield
    5.4%
  • Delhi CDP, CA

    Typical home
    $415,985
    Gross yield
  • Merced, CA

    Typical home
    $405,367
    Gross yield
    5.1%
  • Los Banos, CA

    Typical home
    $463,419
    Gross yield
    6.0%

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