Reedley, CA—93654
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reedley, CA
As of Oct '25, the median home price in Reedley, CA is $377,000, with a year-over-year change of 1.0%. This indicates that home prices in Reedley, CA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $377,000 | 1.0% |
| Single Family | $378,000 | 1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $275,000 | 1.1% |
3 Bed | $362,000 | 1.1% |
4 Bed | $426,000 | 1.2% |
| 5 Bed | $483,000 | 1.0% |
% of Housing Stock
Rental Trends — Reedley, CA
As of July '25, Rentcast reports the average rent in Reedley, CA is $1,850, with a year-over-year rent change of 32.1%. Per bedroom, the median rent as of July '25 in Reedley, CA is 1-bedrooms: $975, 2-bedrooms: $1,950, 3-bedrooms: $1,970. The most common rental property sizes in Reedley, CA are 2-bedroom and 3-bedroom, accounting for 46.5% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $975 |
| 2 Bed Rent | $1,800 | $1,950 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Reedley, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Reedley, CA is 51. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $390,000 | -12.0% |
Listing Count | 44 | -23.0% |
| Listings as % of Homes | 0.3% | -23.0% |
Days on Market | 51 | 13.0% |
Demographics — Reedley, CA
As of the latest ACS Survey released in 2023, Reedley, CA has a population of 31,900, which has increased by 3.1% over the past 5 years. Reedley, CA is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,900 | 3.1% |
% Under 18 | 28.4% | -2.4% |
% Seniors | 10.9% | -9.2% |
% WFH | 5.4% | 50.0% |
% w/ College Degree | 17.4% | 13.0% |
As of the latest ACS Survey released in 2023, Reedley, CA is a predominantly hispanic area, with 75.2% of the population identifying as hispanic. The hispanic population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Reedley, CA is white, making up 18.7% of the population. Foreign-born residents account for 27.5% of the population in Reedley, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 18.7% | -15.0% |
% Black | 1.7% | -10.5% |
% Hispanic | 75.2% | 8.4% |
% Asian | 2.1% | -40.0% |
% Foreign Born | 27.5% | 0.0% |
Mortgage and Risk — Reedley, CA
According to HUD data as of 2023, there were 238 mortgage originations in Reedley, CA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Reedley, CA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Reedley, CA
Reedley, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 128 |
Total Units Section 8 | 107 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 71.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $975 | $1,160 |
| 2 Bedroom | -$360 | $1,800 | $1,440 |
| 3 Bedroom | $120 | $1,900 | $2,020 |
| 4 Bedroom | N/A | N/A | $2,310 |
Affordability — Reedley, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $377,000 |
| Median Household Income | $67,500 |