Modesto Home Prices & Values

$199,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 21.4% 1-year change
  • 14.1% 1-year forecast

The median home value in Modesto is $199,400. Modesto home values have gone up 21.4% over the past year and Zillow predicts they will rise 14.1% within the next year. The median list price per square foot in Modesto is $136, which is lower than the Modesto Metro average of $140. The median price of homes currently listed in Modesto is $229,900 while the median price of homes that sold is $213,000. The median rent price in Modesto is $1,000, which is lower than the Modesto Metro median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Modesto 3.3 homes are foreclosed (per 10,000). This is lower than the Modesto Metro value of 3.7 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Modesto is 5.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Modesto homeowners underwater on their mortgage is 23.6%, which is higher than Modesto Metro at 22.2%.

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Relative ZHVI
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Modesto Market Overview

Data through Jul 31, 2014
  • $199,400 ZHVI
  • 14.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $229,900 Median listing price
  • $213,000 Median sale price
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Modesto Market Health

Data through Jul 31, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 23.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Modesto
3.7 homes Modesto Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Ripon $336,400 Manteca $282,100 Hughson $262,800
Escalon $244,500 Turlock $239,400 Salida $239,100
Riverbank $208,900 Ceres $195,400 Keyes $134,600

Listings & Sales

Data through Jul 31, 2014
  • $136 Median list price / sq ft
  • $136 Median sale price / sq ft
  • 30.3% Listings with price cut
13.4%
Sold below listing
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Modesto Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,150 Modesto
$1,189 Modesto Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,000 Rent list price
  • $0.86 Rent list price / sq ft
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