ZIP Code · CA

ZIP 95348

Part of Merced, CA

Pop. 37,540·Merced County·761st most expensive ZIP in California

Median rent (all units)

$2,157/mo

Year-over-Year

+3.1%

Month-over-Month

+0.4%

vs US Median

+$225

Reported rents

Stable (Monthly)

Be the first to discuss 95348 rents ↓

Most AffordableMost Expensive

ZIP 95348 · $2,157

More expensive than 69% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,370

1 BR

$1,480

2 BR

$1,840

3 BR

$2,530

4 BR+

$3,060

Research median

$1,840/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 95348 is at its highest level since Zillow's records here began in July 2021.

Past year vs. the rest of California

Rent in ZIP 95348 changed +3.1% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($64,944) is $1,624 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,480); a 2-bedroom is $1,840.

Rank in Merced

3rd cheapest of 3 ZIP codes in Merced.

Cheaper nearby

ZIP 95340, 5 miles away, rents for 22% less ($1,690/mo), about $5,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 95348. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,884/yr

At $2,157/mo median

Location

CityMerced

StateCA

CountyMerced County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.1% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 95348 (Merced, CA) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 23.4% of residents hold a bachelor's degree or higher.

Population

37,540

Median income

$64,944

Median age

31.2

Renters

48.7%

Age distribution

26.7%

30.8%

22.4%

Under 1826.7%

18–3430.8%

35–5422.4%

55–649.9%

65+10.2%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

29.8%

50.7%

15.6%

White29.8%

Black6.6%

Hispanic50.7%

Asian15.6%

Education (25+)

18.5%

28.4%

29.7%

23.4%

No HS diploma18.5%

HS diploma28.4%

Some college29.7%

Bachelor's+23.4%

Housing tenure

51.3%

48.7%

Owner51.3%

Renter48.7%

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

2022 vs 2026

How ZIP 95348 in Merced, CA has changed in 5 years

Rent

$1,946 → $2,157

up 10.8%

Income

$53,557 → $64,944

up 21.3%

Population

34,489 → 37,540

up 8.8%

Renter share

60.8% → 48.7%

-12.1 pts

Bachelor's+

17.6% → 23.4%

+5.8 pts

Median age

30.1 → 31.2

+1.1 yrs

Rent in ZIP 95348 in Merced, CA has climbed 10.8% since 2022, going from about $1,946 per month to roughly $2,157 today. On the earnings side, the typical household in ZIP 95348 in Merced, CA now reports about $64,944, up from $53,557 in 2021. Income growth outran rent by about 10.5 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 34,489 to 37,540 between 2021 and 2024, a 8.8% change. About 48.7% of households rent today, against 60.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17.6% to 23.4%. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 95348 in Merced, CA reflects that arc in its own way.

Community

Discussions about ZIP 95348

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 95348

About renting in ZIP 95348

Last updated: October 17, 2026

ZIP code 95348 covers Merced, CA. The median rent here is $2,157/mo as of October 2026. A 1-bedroom rents for a median of $1,480/mo. A 2-bedroom rents for a median of $1,840/mo.

At 40% of local median household income ($64,944/yr), ZIP 95348 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 95348?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,157/mo in ZIP 95348. The local median household income is $64,944/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 95348?

Rent in ZIP 95348 has risen 3.1% over the past year as of September 2026. That is the highest level since Zillow's records here began in July 2021.

How does ZIP 95348 compare to other ZIPs in California?

ZIP 95348 is one of the more affordable among California ZIP codes for rent, ranking #761 of 898 at $2,157/mo. Over the year to September 2026, rent in ZIP 95348 changed +3.1%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.