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These days, finding an affordable place to live in the Modesto area can be challenging. Home prices in Modesto are now at a median cost of $325,717, lower than the California average of $648,235.
The average cost of rent is $1,448/mo in Modesto, primarily driven by the current value of real estate in the Modesto area. While nearly 35.28% of residents own their homes outright in Modesto, 42.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Modesto is $5,855 per month. Households that rent pay about 24.74% of their income on rent here. Modesto's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Ceres, CA: equally priced homes
- Empire, CA: equally priced homes
- Riverbank, CA: higher priced homes
- Salida, CA: higher priced homes
- Keyes, CA: equally priced homes
- Hughson, CA: higher priced homes
- Van Allen, CA: higher priced homes
- Ripon, CA: higher priced homes
- Oakdale, CA: higher priced homes
- Waterford, CA: higher priced homes
Cities with Similar Populations
- Conyers, GA: less expensive homes
- Compton, CA: higher priced homes
- Casas Adobes, AZ: less expensive homes
- Centreville, VA: higher priced homes
- Cedar Park, TX: higher priced homes
- Charlotte, NC: less expensive homes
- Columbus, GA: less expensive homes
- Canton, GA: equally priced homes
- Cape Coral, FL: less expensive homes
- Charlottesville, VA: higher priced homes
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