Merced offers business and industry the opportunity for a California location without the expensive land, development, and housing costs associated with many California communities.
Housing Costs Below the National Average
A wide variety of housing is available in Merced. Rentals for one or two-bedroom apartments and duplexes range from $400 to $900 per month. Two and three-bedroom houses rent for $650 to $1,200 per month. For those looking to buy, new homes range from the $110,000 starter home to the $350,000+ custom dream house. There is also an adequate stock of resale homes at reasonable prices. The median price of a home in Merced is currently $212,000 (compared with the California state median home price of $383,000).
Reasonable Land Costs
A wide variety of industrial sites are available ranging from one acre to 156 acres in size, with land prices ranging from $2.00 per square foot to $3.50 per square foot. The City currently has no Mello Roos assessment districts and sports an excellent (Class 2) fire rating, bringing significantly lower insurance premiums for building owners.