Modesto, CA—95356
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 $517,000, 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 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | -0.7% |
| Single Family | $533,000 | -0.9% |
| Condos | $272,000 | -3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $208,000 | -5.0% |
2 Bed | $344,000 | -2.8% |
3 Bed | $474,000 | -1.5% |
4 Bed | $611,000 | -1.0% |
| 5 Bed | $707,000 | -1.1% |
% of Housing Stock
Rental Trends — Modesto, CA
As of July '25, Rentcast reports the average rent in Modesto, CA is $2,180, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Modesto, CA is studios: $1,360, 1-bedrooms: $1,850, 2-bedrooms: $2,130, 3-bedrooms: $2,750, 4-bedrooms: $3,250. The most common rental property sizes in Modesto, CA are 2-bedroom and 3-bedroom, accounting for 45.9% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,960 | $2,180 |
| Studio Rent | $1,320 | $1,360 |
| 1 Bed Rent | $1,680 | $1,850 |
| 2 Bed Rent | $1,950 | $2,130 |
| 3 Bed Rent | $2,550 | $2,750 |
| 4 Bed Rent | $3,000 | $3,250 |
% 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 60. This is a increase of 26.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $582,000 | 1.0% |
Listing Count | 93 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 60 | 26.0% |
Demographics — Modesto, CA
As of the latest ACS Survey released in 2023, Modesto, CA has a population of 33,000, which has remained stable by 0.6% over the past 5 years. Modesto, CA is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 0.6% |
% Under 18 | 24.2% | 5.7% |
% Seniors | 16.0% | 11.1% |
% WFH | 11.0% | 139.1% |
% w/ College Degree | 28.8% | 9.9% |
As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly white area, with 50.0% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Modesto, CA is hispanic, making up 31.5% of the population. Foreign-born residents account for 17.3% of the population in Modesto, 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 | 50.0% | -4.4% |
% Black | 2.4% | -36.8% |
% Hispanic | 31.5% | 18.4% |
% Asian | 9.0% | -21.7% |
% Foreign Born | 17.3% | 0.0% |
Mortgage and Risk — Modesto, CA
According to HUD data as of 2023, there were 413 mortgage originations in Modesto, CA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 413 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Modesto, CA
As of 2024, the percent of homes in Modesto, CA under the Section 8 program is 6.7%. 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 | 305 |
Total Units Section 8 | 268 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$320 | $1,680 | $1,360 |
| 2 Bedroom | -$190 | $1,950 | $1,760 |
| 3 Bedroom | -$80 | $2,550 | $2,470 |
| 4 Bedroom | -$130 | $3,000 | $2,870 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $517,000 |
| Median Household Income | $95,400 |