Modesto, CA—95357
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 $499,000, with a year-over-year change of -0.8%. 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 | $499,000 | -0.8% |
| Single Family | $499,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $475,000 | 1.1% |
3 Bed | $467,000 | -1.3% |
4 Bed | $507,000 | -1.4% |
| 5 Bed | $604,000 | -1.3% |
% of Housing Stock
Rental Trends — Modesto, CA
As of July '25, Rentcast reports the average rent in Modesto, CA is $2,320, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Modesto, CA is 1-bedrooms: $1,300, 3-bedrooms: $2,350, 4-bedrooms: $2,650. The most common rental property sizes in Modesto, CA are 3-bedroom and 4-bedroom, accounting for 51.3% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,320 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,300 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,350 |
| 4 Bed Rent | $2,500 | $2,650 |
% 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 48. This is a increase of 46.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $611,000 | 6.0% |
Listing Count | 32 | 53.0% |
| Listings as % of Homes | 0.6% | 53.0% |
Days on Market | 48 | 46.0% |
Demographics — Modesto, CA
As of the latest ACS Survey released in 2023, Modesto, CA has a population of 14,300, which has increased by 26.2% over the past 5 years. Modesto, CA is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 16.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 26.2% |
% Under 18 | 27.3% | 0.7% |
% Seniors | 12.2% | -9.0% |
% WFH | 5.1% | -34.6% |
% w/ College Degree | 16.2% | -5.3% |
As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly hispanic area, with 45.7% of the population identifying as hispanic. The hispanic population has grown by 20.9% in the last 5 years. The second most common race or ethnicity in Modesto, CA is white, making up 37.5% of the population. Foreign-born residents account for 18.9% of the population in Modesto, CA, and this percentage has increased by 11.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 37.5% | -23.5% |
% Black | 6.0% | 185.7% |
% Hispanic | 45.7% | 20.9% |
% Asian | 5.7% | 50.0% |
% Foreign Born | 18.9% | 11.2% |
Mortgage and Risk — Modesto, CA
According to HUD data as of 2023, there were 100 mortgage originations in Modesto, CA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Modesto, 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
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
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 | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,300 | $1,580 |
| 2 Bedroom | N/A | N/A | $2,050 |
| 3 Bedroom | $670 | $2,200 | $2,870 |
| 4 Bedroom | $840 | $2,500 | $3,340 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $499,000 |
| Median Household Income | $94,100 |