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Modesto, CA—95351

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$382,000
0.1% YoY Growth
Household Income
$56,900
39.3% YoY Growth
Days on Market
35
28.0% Shorter YoY
Home Price Forecast
-1.2%
Median Rent
$1,600
6.9% YoY Growth
1-Bed Rent
$1,250
3.1% YoY Growth
2-Bed Rent
$1,700
2.9% YoY Growth
3-Bed Rent
$2,100
3.7% YoY Growth

Other Zip Codes in Modesto, CA

953589535695354953509535595357
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Modesto, CA

As of May '26, the median home price in Modesto, CA is $382,000, with a year-over-year change of -0.1%. This indicates that home prices in Modesto, CA are flat. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$382,000-0.1%
Single Family $382,000-0.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $260,000
    6.1%
    2 Bed
    		$317,0001.3%
    3 Bed
    		$389,000-0.5%
    4 Bed
    		$447,000-0.4%
    5 Bed $553,5230.5%
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    7.9%
    2 Bedrooms
    28.0%
    3 Bedrooms
    47.6%
    4 Bedrooms
    12.5%
    5+ Bedrooms
    1.3%

    Rental Trends — Modesto, CA

    As of July '25, Rentcast reports the average rent in Modesto, CA is $1,620, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Modesto, CA is studios: $1,120, 1-bedrooms: $1,240, 2-bedrooms: $1,650, 3-bedrooms: $2,070. The most common rental property sizes in Modesto, CA are 3-bedroom and 2-bedroom, accounting for 37.8% and 36.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,600$1,620
    Studio Rent $1,100$1,120
    1 Bed Rent $1,250$1,240
    2 Bed Rent $1,700$1,650
    3 Bed Rent $2,100$2,070
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    3.7%
    1 Bedroom
    11.6%
    2 Bedrooms
    36.0%
    3 Bedrooms
    37.8%
    4 Bedrooms
    10.6%
    5+ Bedrooms
    0.3%

    Property Listings — Modesto, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Modesto, CA is 35. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$437,0006.0%
    Listing Count
    		5215.0%
    Listings as % of Homes0.3%15.0%
    Days on Market
    		35-28.0%
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    Demographics — Modesto, CA

    As of the latest ACS Survey released in 2023, Modesto, CA has a population of 47,200, which has decreased by -5.7% over the past 5 years. Modesto, CA is a popular place for families, as children make up 31.0% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		47,200-5.7%
    % Under 18
    		31.0%-3.7%
    % Seniors
    		9.8%7.7%
    % WFH
    		4.4%46.7%
    % w/ College Degree
    		8.1%28.6%
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    As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly hispanic area, with 76.1% of the population identifying as hispanic. The hispanic population has grown by 8.1% in the last 5 years. The second most common race or ethnicity in Modesto, CA is white, making up 13.0% of the population. Foreign-born residents account for 30.3% of the population in Modesto, CA, and this percentage has decreased by 0.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		13.0%-31.2%
    % Black
    		3.4%54.5%
    % Hispanic
    		76.1%8.1%
    % Asian
    		5.3%-15.9%
    % Foreign Born
    		30.3%-0.7%
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    Mortgage and Risk — Modesto, CA

    According to HUD data as of 2023, there were 278 mortgage originations in Modesto, CA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Modesto, CA. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		278
    % Conventional Loans
    		65.0%
    % Government Loans
    		35.0%
    % Investor Loans
    		4.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Modesto, CA

    Modesto, CA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		951
    Total Units Section 8
    		757
    % Rentals under Section 8
    		11.5%
    % Occupied Section 8
    		91.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$180$1,250$1,070
    2 Bedroom-$310$1,700$1,390
    3 Bedroom-$150$2,100$1,950
    4 BedroomN/AN/A$2,290

    Affordability — Modesto, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.3
    Median Home Price$382,000
    Median Household Income$56,900

    Modesto, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Modesto, CA

    95354

    Modesto, CA

    95350

    Modesto, CA

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    Modesto, CA

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    Frequently Asked Questions