ZIP 95340 - 860Z200US95340 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 95340, located in Merced, California, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the community and its potential.

Population & Households

ZIP 95340 is home to a population of 38,045 residents, making it a moderately sized community with a diverse mix of individuals and families. The area supports 12,614 households, reflecting a strong residential base. With 13,553 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for rental opportunities. This balance suggests a stable housing market with room for growth or turnover.

Income & Housing Costs

The median household income in ZIP 95340 stands at $65,141, positioning it as a middle-income area. This income level supports a range of lifestyles and can attract businesses catering to moderate earners. On the housing front, the median home value is $383,200, which reflects a significant investment for buyers but aligns with California’s generally higher property costs. For renters, the median rent is $1,204 per month, offering a more accessible entry point for those not ready to buy. These figures highlight a market with options for both homeowners and tenants, though affordability may be a consideration for some.

Race & Ethnicity

The demographic makeup of ZIP 95340 showcases a richly diverse community. The largest ethnic group is Hispanic, comprising 51.06% of the population, followed by White residents at 34.51%. Asian individuals make up 7.94%, while Black residents account for 2.67%. This diversity shapes the cultural fabric of the area, influencing local businesses, schools, and community events. For business owners and investors, this mix presents opportunities to cater to varied cultural needs and preferences, while homebuyers may appreciate the inclusive environment.

Key Facts

• Total population: 38,045 residents, offering a sizable community for engagement or customer base.
• Total households: 12,614, indicating a strong residential presence.
• Total housing units: 13,553, suggesting potential availability for new occupants or rentals.
• Median household income: $65,141, reflecting a middle-income demographic.
• Median home value: $383,200, a notable investment in the California market.
• Median rent: $1,204, providing a more affordable housing option.
• Racial diversity: Hispanic (51.06%), White (34.51%), Asian (7.94%), Black (2.67%).

What This Means for You

For homebuyers, ZIP 95340 offers a diverse community with a median home value of $383,200, which may require careful financial planning given the median household income of $65,141. The availability of housing units beyond occupied households suggests you might find options, but competition could still be present in this market. Renters can benefit from a median rent of $1,204, which is more budget-friendly compared to buying.

For investors and real estate agents, the slight surplus of housing units (13,553 vs. 12,614 households) hints at potential for rental properties or flips, especially with a diverse population driving demand for varied housing types. The median home value and income levels suggest a stable market, though pricing may limit some buyers.

For small-business owners, the population of 38,045 and diverse demographic profile offer a broad customer base. Tailoring products or services to the significant Hispanic population (51.06%) or other groups could build strong community ties. The median income indicates moderate purchasing power, ideal for everyday goods and services.

For analysts, these metrics provide a snapshot of a balanced, diverse area with economic and cultural factors to explore further, especially in housing demand and income distribution trends.

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