Modesto, CA—95350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Modesto, CA
As of Oct '25, the median home price in Modesto, CA is $421,000, with a year-over-year change of -1.0%. This indicates that home prices in Modesto, CA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $421,000 | -1.0% |
| Single Family | $425,000 | -1.4% |
| Condos | $253,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $301,000 | 6.4% |
2 Bed | $348,000 | -1.1% |
3 Bed | $423,000 | -1.4% |
4 Bed | $493,000 | -1.6% |
| 5 Bed | $563,000 | -0.5% |
% of Housing Stock
Rental Trends — Modesto, CA
As of July '25, Rentcast reports the average rent in Modesto, CA is $1,900, with a year-over-year rent change of 2.7%. Per bedroom, the median rent as of July '25 in Modesto, CA is studios: $1,510, 1-bedrooms: $1,500, 2-bedrooms: $1,940, 3-bedrooms: $2,260, 4-bedrooms: $2,250. The most common rental property sizes in Modesto, CA are 2-bedroom and 3-bedroom, accounting for 39.8% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $1,900 |
| Studio Rent | $1,150 | $1,510 |
| 1 Bed Rent | $1,400 | $1,500 |
| 2 Bed Rent | $1,850 | $1,940 |
| 3 Bed Rent | $2,250 | $2,260 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Modesto, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Modesto, CA is 55. This is a increase of 67.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | -2.0% |
Listing Count | 104 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 55 | 67.0% |
Demographics — Modesto, CA
As of the latest ACS Survey released in 2023, Modesto, CA has a population of 56,000, which has increased by 5.4% over the past 5 years. Modesto, CA is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 56,000 | 5.4% |
% Under 18 | 24.5% | 3.8% |
% Seniors | 16.3% | -5.2% |
% WFH | 5.0% | -16.7% |
% w/ College Degree | 19.9% | 9.3% |
As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly white area, with 45.1% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Modesto, CA is hispanic, making up 38.9% of the population. Foreign-born residents account for 13.7% of the population in Modesto, CA, and this percentage has decreased by 1.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.1% | -10.2% |
% Black | 5.2% | 20.9% |
% Hispanic | 38.9% | 10.5% |
% Asian | 6.7% | -2.9% |
% Foreign Born | 13.7% | -1.4% |
Mortgage and Risk — Modesto, CA
According to HUD data as of 2023, there were 579 mortgage originations in Modesto, CA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Modesto, CA. Investor activity is low, as 1.0% 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 | 579 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Modesto, CA
As of 2024, the percent of homes in Modesto, CA under the Section 8 program is 13.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Modesto, CA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,203 |
Total Units Section 8 | 1,100 |
% Rentals under Section 8 | 13.1% |
% Occupied Section 8 | 92.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,400 | $1,150 |
| 2 Bedroom | -$360 | $1,850 | $1,490 |
| 3 Bedroom | -$160 | $2,250 | $2,090 |
| 4 Bedroom | $180 | $2,250 | $2,430 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $421,000 |
| Median Household Income | $73,600 |