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  4. /Reedley, CA - 93654

Reedley, CA—93654

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$388,000
2.8% YoY Growth
Household Income
$67,500
44.0% YoY Growth
Days on Market
49
32.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$1,850
32.1% YoY Growth
1-Bed Rent
$975
8.0% YoY Growth
2-Bed Rent
$1,800
39.3% YoY Growth
3-Bed Rent
$1,900
3.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Reedley, CA

As of May '26, the median home price in Reedley, CA is $388,000, with a year-over-year change of 2.8%. This indicates that home prices in Reedley, CA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$388,0002.8%
Single Family $389,0002.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$286,0002.5%
    3 Bed
    		$372,0002.8%
    4 Bed
    		$436,0002.3%
    5 Bed $492,1081.5%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    5.8%
    2 Bedrooms
    27.1%
    3 Bedrooms
    43.5%
    4 Bedrooms
    18.8%
    5+ Bedrooms
    3.3%

    Rental Trends — Reedley, CA

    As of July '25, Rentcast reports the average rent in Reedley, CA is $1,850, with a year-over-year rent change of 32.1%. Per bedroom, the median rent as of July '25 in Reedley, CA is 1-bedrooms: $975, 2-bedrooms: $1,950, 3-bedrooms: $1,970. The most common rental property sizes in Reedley, CA are 2-bedroom and 3-bedroom, accounting for 46.5% and 30.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,850$1,850
    Studio Rent N/AN/A
    1 Bed Rent $975$975
    2 Bed Rent $1,800$1,950
    3 Bed Rent $1,900$1,970
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    11.8%
    2 Bedrooms
    46.5%
    3 Bedrooms
    30.9%
    4 Bedrooms
    7.5%
    5+ Bedrooms
    1.2%

    Property Listings — Reedley, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Reedley, CA is 49. This is a decrease of -32.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$439,00010.0%
    Listing Count
    		32-25.0%
    Listings as % of Homes0.3%-25.0%
    Days on Market
    		49-32.0%
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    Demographics — Reedley, CA

    As of the latest ACS Survey released in 2023, Reedley, CA has a population of 31,900, which has increased by 3.1% over the past 5 years. Reedley, CA is a popular place for families, as children make up 28.4% of the population. The area has a poorly educated workforce, with 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		31,9003.1%
    % Under 18
    		28.4%-2.4%
    % Seniors
    		10.9%-9.2%
    % WFH
    		5.4%50.0%
    % w/ College Degree
    		17.4%13.0%
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    As of the latest ACS Survey released in 2023, Reedley, CA is a predominantly hispanic area, with 75.2% of the population identifying as hispanic. The hispanic population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in Reedley, CA is white, making up 18.7% of the population. Foreign-born residents account for 27.5% of the population in Reedley, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		18.7%-15.0%
    % Black
    		1.7%-10.5%
    % Hispanic
    		75.2%8.4%
    % Asian
    		2.1%-40.0%
    % Foreign Born
    		27.5%0.0%
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    Mortgage and Risk — Reedley, CA

    According to HUD data as of 2023, there were 238 mortgage originations in Reedley, CA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Reedley, CA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		238
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Reedley, CA

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

    Section 8 Market Size

    Total Units under HUD
    		128
    Total Units Section 8
    		107
    % Rentals under Section 8
    		2.6%
    % Occupied Section 8
    		71.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$185$975$1,160
    2 Bedroom-$360$1,800$1,440
    3 Bedroom$120$1,900$2,020
    4 BedroomN/AN/A$2,310

    Affordability — Reedley, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$388,000
    Median Household Income$67,500

    Reedley, CA — ZIP Code Boundary Map

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