Modesto, CA—95351
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 $373,000, with a year-over-year change of -0.7%. This indicates that home prices in Modesto, CA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | -0.7% |
| Single Family | $373,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $248,000 | 6.9% |
2 Bed | $307,000 | 0.7% |
3 Bed | $380,000 | -0.8% |
4 Bed | $438,000 | -0.7% |
| 5 Bed | $543,000 | 1.5% |
% of Housing Stock
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.
| Type | Median Rent | Average 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/A | N/A |
% 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 40. This is a increase of 20.0% 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 | $393,000 | 2.0% |
Listing Count | 43 | 24.0% |
| Listings as % of Homes | 0.3% | 24.0% |
Days on Market | 40 | 20.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $1,250 | $1,070 |
| 2 Bedroom | -$310 | $1,700 | $1,390 |
| 3 Bedroom | -$150 | $2,100 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,290 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $373,000 |
| Median Household Income | $56,900 |