Rent, population, and median household income are important factors to consider for a 1031 exchange in Merced due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Merced, California is a part of the Merced, CA metropolitan area, and contains 5 zip codes: 95344, 95340, 95341, 95343, and 95348.
Merced Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Merced, CA metropolitan area was $908, which is 22.04% lower than 2014 average rent. This represents a compounded annual growth rate of 4.06%. 2019 vacancy in Merced, CA was 1.40%.
The total population of the city of Merced, CA has grown 5.52% since 2010. As of 2018, the population was 83,316. The median household income of the Merced was $42,637, which is 29.28% lower than the national average.
- metropolitan area Merced, CA
- avg rent $908
- rent growth 22.04%
- vacancy 1.40%
- median income $42,637
- population (2018) 83,316
- population growth 5.52%
- vs. nat'l avg 29.28%
- zip codes 95340 95341 95343 95344 95348