Modesto Metro Area, CA Housing

The housing market in the Modesto, CA Metro Area is currently booming. The median value for a home in the area is $434,600 – significantly higher than the national median of $338,100. While the US saw an 8.27% appreciation of house prices over the past year, Modesto experienced a 3.56% appreciation rate which suggests that it still has plenty of potential for gains in coming years.

The median home cost in Modesto Metro Area is $434,600. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Modesto Metro Area is up 11.1%.

Average Age of Homes

- The median age of Modesto Metro Area real estate is 37 years old

The Rental Market in Modesto Metro Area

- Renters make up 40.0% of the Modesto Metro Area population
- 1.0% of houses and apartments in Modesto Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Modesto, California	United States
	182,606.0	139,647,020.0
	41	42
	$434,600	$338,100
	11.1%	16.6%
	59.7%	57.0%
	187.4%	101.1%
	$7.66	$10.98
	$2,592	$2,690
	57.1%	57.4%
	4.1%	11.2%
	38.8%	31.4%
Vacant Housing
	1.0%	1.9%
	0.3%	0.4%
	0.6%	0.7%
	0.8%	0.4%
	0.2%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	1.6%	2.4%
	0.8%	2.8%
	0.8%	3.9%
	0.8%	4.5%
	2.5%	11.3%
	4.3%	13.0%
	25.4%	20.1%
	30.6%	13.6%
	15.4%	8.3%
	10.2%	9.7%
	3.0%	3.9%
	1.4%	2.2%
	0.5%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.6%	13.6%
	16.6%	13.6%
	14.2%	13.6%
	17.3%	13.2%
	19.8%	14.8%
	14.2%	13.6%
	8.5%	10.0%
	4.8%	4.7%
	6.3%	12.2%

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