Modesto, CA
Stanislaus County · Pop. 218,271
Ranked #145 of 243 cities
36Crisis
Median Home Price
🏠$400K
3.8% YoY
Median Rent
🔑$1,450
3.0% YoY
Median Income
💰$55K
Rent Burden
📊33.5%
% of income to rent
Income to Buy
🏦$115K
annual income needed
Income to Rent
📝$58K
annual income needed
Price-to-Income
⚖️7.3x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,129/mo
Est. mortgage (7%, 20% down)
Need $115K/yr income
Rent
$1,450/mo
Median rent
Need $58K/yr income
How Modesto Compares
| Metric | Modesto | California | National |
|---|---|---|---|
| Home Price | $400K | $726K | $410K |
| Rent | $1,450 | $1,992 | $1,500 |
| Income | $55K | $96K | $75K |
| Rent Burden | 33.5% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Modesto are 2% lower than the national average.
- • Rent is 3% lower than the national average.
- • You need an income of $115K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.