Modesto - CA housing market
The Modesto metro has a typical home value of $461,114, up 0.2% from a year ago. Homes sell in 20 days on average, a balanced market. 26% of listings have had a price cut. Data from Zillow Research, updated monthly.
Modesto housing market, October 2026
The typical Modesto home is worth $461,114 as of September 2026, up 0.0% from the prior month, up 0.1% over three months, and up 0.2% from a year ago. Over the past two years values have ranged from $460,051 to $466,892.
Homes are going pending in about 20 days, slower than the 15 days seen three months earlier. There are roughly 1,086 homes for sale, 15% fewer than a year ago. 26.1% of listings have taken a price cut (up from 22.6% three months ago).
Typical rent is $2,068 a month, up 1.5% year over year, which puts the price-to-rent ratio at 18.6.
At this week's 7.40% mortgage rate with 20% down ($92,223), the typical Modesto home costs about $3,131 a month including tax and insurance, which needs a household income of roughly $134,200 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($461,114) is the Zillow Home Value Index for the Modesto - CA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.2% over the past year. In Modesto - CA, that means a home worth $460,194 last year is now worth roughly $461,114.
The median sale price, what homes actually close for, is $463,202. Homes are selling at 99.6% of list price, meaning buyers have room to negotiate.
Homes listed in Modesto - CA sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 26.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 381 new listings hit the market each month in Modesto - CA. There are currently 1,086 homes for sale, down 15.2% from a year ago.
The typical monthly rent in Modesto - CA is $2,068, up 1.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.6x, toss-up (#68 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,554 a month in principal and interest, $486 more than renting before taxes, insurance and upkeep. The two break even at a 5.39% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in CA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Los Angeles - CA | $950,020 | +1.3% | 26.0d |
| San Francisco - CA | $1,120,379 | +3.1% | 16.0d |
| Riverside - CA | $580,321 | +0.6% | 31.0d |
| San Diego - CA | $926,961 | +0.8% | 25.0d |
| Sacramento - CA | $572,813 | +0.0% | 22.0d |
| San Jose - CA | $1,523,615 | +0.2% | 17.0d |