There are currently 67,875 real estate properties in Modesto, CA, with a median automated valuation model (AVM) price of $426,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Modesto, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Modesto, CA, is $446,164.00, with the most expensive house in Modesto, CA, topping out at $7,372,800.00 and the cheapest home in Modesto, CA, clocking in at $40,940.00. In other words, there’s something for every potential homebuyer or savvy investor in Modesto, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Modesto, CA, is on a rollercoaster ride. The average rent price in Modesto, CA, is $1,567.00. Indeed, when looking to rent in Modesto, CA, you can expect to pay as little as $670.00 or as much as $4,720.00, with the average rent median estimated to be $1,530.00. The good news is that finding an affordable and desirable property to rent in Modesto, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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