The housing market in Modesto, CA is slightly below the national average. The median value of houses in Modesto is $390,300 which is significantly lower than the US house median value of $338,100. However, while the US has seen a 1 year appreciation rate of 8.27%, Modesto only has an appreciation rate of 3.39%. This indicates that the housing market in Modesto may be slowing down and not keeping up with the growth of other areas of the country.
The median home cost in Modesto is $390,300. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Modesto is up 11.1%.
Average Age of Homes
- The median age of Modesto real estate is 40 years old
The Rental Market in Modesto
- Renters make up 43.0% of the Modesto population
- 1.4% of houses and apartments in Modesto, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.