ZIP Code Market Report
95340 — Merced, CA
Data through February 2026 · Updated monthly
Avg Home Value
$399,802
▼ 2.0% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$401,248
Condo / Co-op
--
The average home value in the 95340 ZIP code (Merced, California) is $399,802 as of February 2026. Home prices are declining, down 2.0% compared to last year.
A 3-bedroom home in 95340 is valued at $382,548.
The market in 95340 has a $216,674 spread between bottom-tier homes at $318,660 and top-tier homes at $535,334. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 95340 ZIP code will decrease 0.1% over the next 12 months, bringing the projected average to approximately $399,402. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Merced County market area in California. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Merced County report.
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Market Snapshot
95340 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $403,059 | $401,405 | $399,802 | ▼ 0.8% |
| Single Family Value | $400,836 | $401,128 | $401,248 | ▲ 0.1% |
Home Values
95340 Home Value Trend
Historical home values for ZIP code 95340. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 95340
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $287,229 |
| 3 Bedrooms | $382,548 |
| 4 Bedrooms | $474,346 |
Property Types
Home Values by Property Type in 95340
How different property types compare in this ZIP code.
All Homes
$399,802
Single Family
$401,248
Bottom Tier
$318,660
Top Tier
$535,334
Forecast
12-Month Home Value Forecast for 95340
Zillow projects home values in 95340 will decrease 0.1% over the next year, reaching approximately $399,402.
Current Value
$399,802
Projected Change
-0.1%
▼ 0.1%
Projected Value
$399,402
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 95340 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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