ZIP Code 95340 — Merced, California

The median home in 95340 is valued at $355,600 against a median household income of $64,809, a price-to-income ratio of 5.5. That is below the 6.7 median across the 1,558 California ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, though it is among the more attainable ratios in the state. Within Merced County, 95340 ranks 15 of 18 ZIPs on affordability (1 = lowest ratio); the county median ratio is 5.2. Renting takes 20.7% of median household income (median rent $1,120 a month), under the 30% cost-burden threshold.

95340 ranks 1,169 of 1,558 statewide on median household income and 1,204 of 1,558 on median home value; its income is in line with the $63,680 Merced County median. 56% of households own their home, below the 64% statewide ZIP median, making this a majority-owner ZIP. 26% of adults hold a bachelor's degree or higher, below the 31% median, and the poverty rate is 19.6%, far above the 10.8% statewide ZIP median. Unemployment stands at 14.7%.

With 708 residents per square mile across 52 square miles of land, 95340 is less dense than the statewide ZIP median of 1,120 (rank 856 of 1,558). This is a low-density pattern of large lots, small towns or scattered subdivisions.