Modesto, CA—95355
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 $484,000, 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 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $484,000 | -1.0% |
| Single Family | $487,000 | -1.2% |
| Condos | $284,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $389,000 | -0.8% |
3 Bed | $458,000 | -1.3% |
4 Bed | $555,000 | -0.5% |
| 5 Bed | $640,000 | -0.8% |
% 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 -7.3%. Per bedroom, the median rent as of July '25 in Modesto, CA is 1-bedrooms: $1,530, 2-bedrooms: $1,860, 3-bedrooms: $2,410, 4-bedrooms: $2,910. The most common rental property sizes in Modesto, CA are 2-bedroom and 3-bedroom, accounting for 38.1% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,530 | $1,530 |
| 2 Bed Rent | $1,920 | $1,860 |
| 3 Bed Rent | $2,350 | $2,410 |
| 4 Bed Rent | $2,900 | $2,910 |
% 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 64. This is a increase of 16.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $514,000 | -2.0% |
Listing Count | 125 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 64 | 16.0% |
Demographics — Modesto, CA
As of the latest ACS Survey released in 2023, Modesto, CA has a population of 60,500, which has increased by 2.4% over the past 5 years. Modesto, CA is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,500 | 2.4% |
% Under 18 | 23.7% | -0.8% |
% Seniors | 17.0% | 11.1% |
% WFH | 10.5% | 101.9% |
% w/ College Degree | 23.8% | 1.3% |
As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Modesto, CA is hispanic, making up 32.9% of the population. Foreign-born residents account for 15.3% of the population in Modesto, CA, and this percentage has decreased by 4.4% 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 | 47.9% | -8.6% |
% Black | 4.3% | -20.4% |
% Hispanic | 32.9% | 11.1% |
% Asian | 8.6% | 1.2% |
% Foreign Born | 15.3% | -4.4% |
Mortgage and Risk — Modesto, CA
According to HUD data as of 2023, there were 696 mortgage originations in Modesto, CA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Modesto, CA. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 696 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Modesto, CA
As of 2024, the percent of homes in Modesto, CA under the Section 8 program is 7.1%. 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. In Modesto, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 653 |
Total Units Section 8 | 605 |
% Rentals under Section 8 | 7.1% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,530 | $1,300 |
| 2 Bedroom | -$240 | $1,920 | $1,680 |
| 3 Bedroom | $0 | $2,350 | $2,350 |
| 4 Bedroom | -$170 | $2,900 | $2,730 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $484,000 |
| Median Household Income | $83,500 |