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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 $146,315, lower than the Illinois average of $300,242.
The average cost of rent is $817/mo in Modesto, primarily driven by the current value of real estate in the Modesto area. In Modesto, 8.34% of households rent, and 68.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Modesto is $7,057 per month. Households that rent pay about 11.58% of their income on rent here. Modesto’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palmyra, IL: less expensive homes
- Scottville, IL: higher priced homes
- Waverly, IL: less expensive homes
- Girard, IL: higher priced homes
- Hettick, IL: higher priced homes
- McVey, IL: higher priced homes
- Franklin, IL: equally priced homes
- Nilwood, IL: higher priced homes
- Virden, IL: less expensive homes
- Thayer, IL: higher priced homes
Cities with Similar Populations
- Stratton, MS: less expensive homes
- Fackler, AL: higher priced homes
- Fagus, MO: less expensive homes
- Fanning, MO: higher priced homes
- Farwell, MN: higher priced homes
- Fielding, UT: higher priced homes
- Flatrock, WV: higher priced homes
- Frankford, MO: less expensive homes
- Stony Fork, NC: higher priced homes
- Evans, WA: higher priced homes
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