How much is a home worth in ZIP code 95340?

The typical home in 95340 is worth $405,367, based on the Zillow Home Value Index.

Are home values rising in 95340?

Home values in 95340 are down 1.4% over the past year, and up 4.1% a year over five years.

What is the typical rent in 95340?

A typical home in 95340 rents for about $1,722 a month, a gross rental yield of 5.1%.

What is the property tax rate in 95340?

The effective property tax rate in 95340 is 0.6% — roughly $2,537 a year on a typical home.

ZIP code 95340 has a population of 38,303 and a median household income of $71,193.

HousingHandbookReference data

…

U.S. ZIP Code · CA95340

Merced County · Merced, CA

Typical home value

$405,367^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +4.1%
10-year / yr: +6.6%

Relative price

vs U.S.: +42.7%
vs metro: -2.7%
vs state: -42.1%

Price history

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

The typical home in 95340 is worth $405,367 — 2.7% below the Merced, CA median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $1,722 a month — a 5.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent: $1,722^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

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

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,537^[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: 38,303^[3]
Median household income: $71,193^[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: 19
Elementary: 12
Middle: 3
High: 3

Donn B. Chenoweth Elementary
Elementary · Grades K–6 · Merced City Elementary
732 students
Luther Burbank Elementary
Elementary · Grades K–6 · Merced City Elementary
727 students
Allan Peterson Elementary
Elementary · Grades K–6 · Merced City Elementary
682 students
Herbert H. Cruickshank Middle
Middle · Grades 7–8 · Merced City Elementary
630 students
Herbert Hoover Middle
Middle · Grades 7–8 · Merced City Elementary
607 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.

Home value$Monthly rent$

Gross yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$20,660

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,050

Loan principal$324,293

Down payment$81,073

Total interest paid$413,618

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.51

Monthly cost to own$2,600

Monthly rent$1,722

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: 63rd percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 33rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 95340?: The typical home in 95340 is worth $405,367, based on the Zillow Home Value Index.
Are home values rising in 95340?: Home values in 95340 are down 1.4% over the past year, and up 4.1% a year over five years.
What is the typical rent in 95340?: A typical home in 95340 rents for about $1,722 a month, a gross rental yield of 5.1%.
What is the property tax rate in 95340?: The effective property tax rate in 95340 is 0.6% — roughly $2,537 a year on a typical home.
Who lives in 95340?: ZIP code 95340 has a population of 38,303 and a median household income of $71,193.

#Comparable ZIPs

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

95315 vs 95340 →
Delhi CDP, CA
Typical home
$415,985
Gross yield
—
95348 vs 95340 →
Merced, CA
Typical home
$416,630
Gross yield
5.4%
95322
Santa Nella CDP, CA
Typical home
$421,074
Gross yield
—
95301
Atwater, CA
Typical home
$422,842
Gross yield
4.9%
95334
Livingston, CA
Typical home
$427,288
Gross yield
—
93620
Dos Palos Y CDP, CA
Typical home
$365,823
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 95340 against any other ZIP — full side-by-side table.

Compare 95340 →

#Jump to section

U.S. ZIP Code · CA95340

Get more data on ZIPs like this

Get more data on ZIPs like this