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ZIP Code · CA

ZIP 95340

Part of Merced, CA
Pop. 38,303·Merced County·849th most expensive ZIP in California
Median rent (all units)
$1,845/mo
Year-over-Year
+13.7%
Month-over-Month
-0.5%
vs US Median
-$120
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 95340 · $1,845
More expensive than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,040
1 BR
$1,130
2 BR
$1,400
3 BR
$1,930
4 BR+
$2,330
Research median
$1,400/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,140/yr
At $1,845/mo median
Location
CityMerced
StateCA
CountyMerced County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.7% YoY, -0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 95340 (Merced, CA) is majority owner-occupied, 26.8% of residents hold a bachelor's degree or higher.

Population
38,303
Median income
$71,193
Median age
32.4
Renters
42.8%
Age distribution
24%
29.3%
20%
14.7%
Under 1824%
18–3429.3%
35–5420%
55–6412%
65+14.7%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
39.4%
50.2%
White39.4%
Black3.6%
Hispanic50.2%
Asian8.8%
Education (25+)
14.9%
23%
35.3%
26.8%
No HS diploma14.9%
HS diploma23%
Some college35.3%
Bachelor's+26.8%
Housing tenure
57.2%
42.8%
Owner57.2%
Renter42.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 95340 in Merced, CA has changed in 5 years

Income
$59,034 → $71,193
up 20.6%
Population
37,584 → 38,303
up 1.9%
Renter share
45.9% → 42.8%
-3.1 pts
Bachelor's+
25.3% → 26.8%
+1.5 pts
Median age
31.9 → 32.4
+0.5 yrs

Local incomes tracked alongside that move, going from a median of $59,034 in 2021 to $71,193 more recently. Census counts show ZIP 95340 in Merced, CA adding about 719 residents over the five-year window, up 1.9% on net. The renter share has eased from 45.9% to 42.8%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 95340

Last updated: July 20, 2026

ZIP code 95340 covers Merced, CA. The median rent here is $1,845/mo as of July 2026. A 1-bedroom rents for a median of $1,130/mo. A 2-bedroom rents for a median of $1,400/mo.

At 31% of local median household income ($71,193/yr), ZIP 95340 ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 95340?

As of July 20, 2026, the median monthly rent in ZIP 95340 (Merced, CA) is $1,845. This is based on aggregated data from public sources and community submissions.

How does ZIP 95340 rent compare to the US average?

ZIP 95340's median rent of $1,845/mo is $120 (6%) below the US national median of $1,965/mo.

How does ZIP 95340 compare to other ZIPs in California?

ZIP 95340 is among the more affordable ZIP codes in California, ranking #849 out of 907 ZIPs at $1,845/mo.

How much income do you need to rent in ZIP 95340?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,845/mo in ZIP 95340. The local median household income is $71,193/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 95340?

Rent in ZIP 95340 has increased 13.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 95340 an affordable place to rent?

ZIP 95340 is considered moderate for renters. At $1,845/mo, rent takes approximately 31% of the local median household income ($71,193/yr). The standard benchmark is 30%. ZIP 95340 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 95340 residents rent vs. own?

According to Census data, approximately 42.8% of ZIP 95340 households are renters, while 57.2% are owner-occupied. ZIP 95340 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 95340 compare to the rest of Merced?

ZIP 95340 is more affordable than Merced overall. At $1,845/mo, it's $119 below the Merced citywide median of $1,964/mo.

When was rent data for ZIP 95340 last updated?

Rent data for ZIP 95340 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $1,845/mo, rent takes ~31% of ZIP 95340's median household income ($71,193/yr). The standard benchmark is 30%.

ZIP 95340 31%Benchmark 30%
State income tax1–13.3%
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Schools nearby

Public schools near ZIP 95340 (Merced, CA)

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