Modesto, CA—95358
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Modesto, CA
As of Nov '25, the median home price in Modesto, CA is $425,000, 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 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $425,000 | -0.7% |
| Single Family | $425,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $274,000 | -0.4% |
2 Bed | $315,000 | -0.3% |
3 Bed | $423,000 | -0.9% |
4 Bed | $468,000 | -0.6% |
| 5 Bed | $548,163 | 0.4% |
% of Housing Stock
Rental Trends — Modesto, CA
As of July '25, Rentcast reports the average rent in Modesto, CA is $1,970, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Modesto, CA is studios: $1,000, 1-bedrooms: $1,250, 3-bedrooms: $2,140, 4-bedrooms: $2,500. The most common rental property sizes in Modesto, CA are 3-bedroom and 2-bedroom, accounting for 46.9% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,970 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,050 | $2,140 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Modesto, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Modesto, CA is 39. This is a increase of 6.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | -5.0% |
Listing Count | 42 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 39 | 6.0% |
Demographics — Modesto, CA
As of the latest ACS Survey released in 2023, Modesto, CA has a population of 31,000, which has decreased by -7.1% over the past 5 years. Modesto, CA is a popular place for families, as children make up 31.3% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,000 | -7.1% |
% Under 18 | 31.3% | 5.0% |
% Seniors | 11.1% | 32.1% |
% WFH | 7.1% | 22.4% |
% w/ College Degree | 14.6% | 17.7% |
As of the latest ACS Survey released in 2023, Modesto, CA is a predominantly hispanic area, with 63.5% of the population identifying as hispanic. The hispanic population has grown by 5.1% in the last 5 years. The second most common race or ethnicity in Modesto, CA is white, making up 25.6% of the population. Foreign-born residents account for 26.1% of the population in Modesto, CA, and this percentage has increased by 0.4% 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 | 25.6% | -20.7% |
% Black | 1.4% | -22.2% |
% Hispanic | 63.5% | 5.1% |
% Asian | 4.8% | 33.3% |
% Foreign Born | 26.1% | 0.4% |
Mortgage and Risk — Modesto, CA
According to HUD data as of 2023, there were 219 mortgage originations in Modesto, CA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% 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. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Rentals and Section 8 — Modesto, CA
Modesto, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 74 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,250 | $1,270 |
| 2 Bedroom | N/A | N/A | $1,640 |
| 3 Bedroom | $250 | $2,050 | $2,300 |
| 4 Bedroom | $170 | $2,500 | $2,670 |
Affordability — Modesto, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $425,000 |
| Median Household Income | $74,400 |