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These days, finding an affordable place to live in the Downtown Modesto area can be challenging. Home prices in Downtown Modesto are now at a median cost of $264,638, lower than the Modesto average of $325,717.
The average cost of rent is $1,027/mo in Downtown Modesto, primarily driven by the current value of real estate in the Downtown Modesto area. While nearly 50.03% of residents own their homes outright in Downtown Modesto, 72.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Modesto is $4,105 per month. Households that rent pay about 25.01% of their income on rent here. Downtown Modesto's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- West Modesto, Modesto, CA: less expensive homes
- Bystrom, Modesto, CA: less expensive homes
- Shackelford, Modesto, CA: less expensive homes
- South Modesto Acres, Modesto, CA: less expensive homes
- Mayfield, Ceres, CA: higher priced homes
- Crossroads-Riverbank, Riverbank, CA: higher priced homes
- Downtown Oakdale, Oakdale, CA: equally priced homes
- Downtown Waterford, Waterford, CA: equally priced homes
- Downtown Turlock, Turlock, CA: equally priced homes
- Downtown Newman, Newman, CA: equally priced homes
Neighborhoods with Similar Populations
- South Park, Buffalo, NY: less expensive homes
- Clarke Square, Milwaukee, WI: less expensive homes
- Columbia Street Waterfront District, Brooklyn, NY: higher priced homes
- Standish, Minneapolis, MN: equally priced homes
- Crystal City, Arlington, VA: higher priced homes
- Cumberland, Atlanta, GA: higher priced homes
- Delhi, Santa Ana, CA: higher priced homes
- South Winds, Oxnard, CA: higher priced homes
- South Tabor, Portland, OR: higher priced homes
- Duclay, Jacksonville, FL: less expensive homes
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