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Home appreciation in Merced, CA

Over the five years ending 2025, home prices in Merced, CA grew an average of 7.9% a year.

Price growth at a glance

1-year

+1.5%

2025 over 2024. California: +1.9%.

5-year, per year

+7.9%

Average annual growth, 2020 to 2025. California: +7.2%.

10-year, per year

+7.5%

+105.4% in total since 2015. California: +6.3%.

How does your home compare?

Merced, CA home prices rose 105.4% over the ten years to 2025, while its ZIP codes ranged from +92.7% to +139.6%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Merced, CA compares with California

California averaged +7.2% a year, so Merced, CA grew faster than the state overall. For five-year price growth, Merced, CA ranks 301st out of 409 metros nationwide and 11th out of 28 in California.

Index, 2005 = 100

Merced, CA and California, quarterly house price index rebased to 100 in 2005.
YearMerced, CACalifornia
2005 Q1100100
2005 Q2108106
2005 Q3116111
2005 Q4122116
2006 Q1124119
2006 Q2125120
2006 Q3124120
2006 Q4122119
2007 Q1118118
2007 Q2111116
2007 Q3103111
2007 Q494107
2008 Q183101
2008 Q26893
2008 Q35885
2008 Q45183
2009 Q15282
2009 Q24878
2009 Q34676
2009 Q44677
2010 Q14776
2010 Q24676
2010 Q34776
2010 Q44775
2011 Q14673
2011 Q24471
2011 Q34572
2011 Q44572
2012 Q14671
2012 Q24571
2012 Q34673
2012 Q44874
2013 Q14976
2013 Q25279
2013 Q35783
2013 Q46186
2014 Q16388
2014 Q26590
2014 Q36792
2014 Q46893
2015 Q16994
2015 Q27196
2015 Q37398
2015 Q474100
2016 Q175101
2016 Q277103
2016 Q379105
2016 Q479106
2017 Q182107
2017 Q283110
2017 Q386112
2017 Q487113
2018 Q190115
2018 Q290118
2018 Q393119
2018 Q494119
2019 Q194120
2019 Q296121
2019 Q397122
2019 Q498123
2020 Q198124
2020 Q299126
2020 Q3101127
2020 Q4104130
2021 Q1108133
2021 Q2115141
2021 Q3123149
2021 Q4128155
2022 Q1133161
2022 Q2139171
2022 Q3139170
2022 Q4136165
2023 Q1134164
2023 Q2140168
2023 Q3137170
2023 Q4136170
2024 Q1142173
2024 Q2146176
2024 Q3144177
2024 Q4149178
2025 Q1150178
2025 Q2145179
2025 Q3146179
2025 Q4148180
2026 Q1150181
2026 Q2145181

Chart through 2026 Q2. Annual growth figures through 2025.

Five-year and ten-year growth rates were similar, at +7.5% a year over ten years and +105.4% in total, suggesting a similar pattern over both periods.

Over this history, home prices peaked in 2006, fell 63.8% to its 2011 low, and regained the 2006 level in 2022.

The strongest year was 2014 at +20.4%, and the weakest was 2008 at -39.0%.

In 2025 alone the index moved +1.5%, against +1.9% for the state.

ZIP codes in Merced, CA

Over the ten years to 2025, the 11 ZIP codes FHFA measures in this metro ranged from +92.7% in 95334 to +139.6% in 95388, while the metro as a whole rose 105.4%.

Fastest-rising ZIP codes

10-year change

  1. 95388+139.6%
  2. 93620+135.7%
  3. 95341+134.0%
  4. 95315+121.9%
  5. 95322+121.5%

Slowest-rising ZIP codes

10-year change

  1. 95334+92.7%
  2. 95348+92.9%
  3. 95324+93.5%
  4. 93635+100.1%
  5. 95340+100.7%
ZIP codes in Merced, CA ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
95388+6.1%+8.8%+9.1%+139.6%
93620+4.1%+8.4%+9.0%+135.7%
95341+1.1%+8.5%+8.9%+134.0%
95315+5.0%+7.9%+8.3%+121.9%
95322+6.0%+8.1%+8.3%+121.5%
95301+0.2%+8.2%+7.4%+104.1%
95340+1.1%+7.7%+7.2%+100.7%
93635+0.2%+6.9%+7.2%+100.1%
95324+6.4%+7.4%+6.8%+93.5%
95348-0.8%+7.7%+6.8%+92.9%
95334-3.3%+7.2%+6.8%+92.7%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Merced, CA and California, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006111.1+11.1%110.2
200795.7-13.8%104.3
200858.4-39.0%83.4
200943.1-26.3%72.2
201042.2-2.1%70.0
201140.2-4.8%66.4
201241.6+3.7%66.5
201349.3+18.3%74.7
201459.3+20.4%83.6
201564.4+8.6%89.5
201669.5+7.9%95.9
201776.0+9.4%102.1
201882.4+8.4%108.8
201986.4+4.9%112.3
202090.2+4.4%117.1
2021106.5+18.0%133.5
2022122.9+15.5%153.8
2023122.8-0.1%155.3
2024130.3+6.2%162.4
2025132.3+1.5%165.5

The 28 measured metros in California

Measured metros in California ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1El Centro, CA+7.7%+9.9%+7.8%
2Santa Maria-Santa Barbara, CA+2.9%+9.2%+6.5%
3San Diego-Chula Vista-Carlsbad, CA+1.9%+9.1%+7.3%
4Anaheim-Santa Ana-Irvine, CA (metropolitan division)+4.5%+9.0%+6.6%
5Riverside-San Bernardino-Ontario, CA+2.1%+9.0%+7.5%
6Visalia, CA+4.3%+9.0%+7.3%
7Bakersfield-Delano, CA+3.5%+8.8%+6.6%
8Hanford-Corcoran, CA+5.2%+8.6%+7.2%
9Fresno, CA+3.1%+8.4%+7.2%
10San Luis Obispo-Paso Robles, CA+3.1%+8.0%+6.3%
11Merced, CA+1.5%+7.9%+7.5%
12Los Angeles-Long Beach-Glendale, CA (metropolitan division)+2.8%+7.5%+6.6%
13Oxnard-Thousand Oaks-Ventura, CA+3.0%+7.5%+5.9%
14Modesto, CA+1.5%+7.1%+7.1%
15Stockton-Lodi, CA+0.6%+6.9%+6.9%
16Salinas, CA-0.2%+6.6%+6.4%
17Yuba City, CA+0.9%+6.5%+7.2%
18Sacramento-Roseville-Folsom, CA+1.3%+6.4%+6.4%
19San Jose-Sunnyvale-Santa Clara, CA+0.7%+6.1%+5.1%
20Redding, CA+0.8%+5.7%+5.4%
21Santa Cruz-Watsonville, CA+0.5%+5.4%+4.9%
22Vallejo, CA0.0%+5.3%+5.9%
23Napa, CA+1.0%+5.2%+5.2%
24Oakland-Fremont-Berkeley, CA (metropolitan division)-0.1%+4.7%+5.2%
25Chico, CA+2.1%+4.6%+6.0%
26Santa Rosa-Petaluma, CA+0.8%+4.6%+4.9%
27San Rafael, CA (metropolitan division)+0.8%+4.5%+3.6%
28San Francisco-San Mateo-Redwood City, CA (metropolitan division)+0.8%+3.5%+3.7%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the California row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2