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Market MapModesto, CA
Metropolitan Area

Modesto, CA

California0
46
/100
Hold
#776 of 894 metros
Top 87% nationally for investing

Market Snapshot

$458,195
Median Home Price
88% above national median
$2,070/mo
Median Rent
49% above national median
5.42%
Rent-to-Price Ratio
Top 65% nationally
-$1,057
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$458,195
Down Payment (20%)$91,639
Loan Amount$366,556
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$2,070
Monthly P&I-$2,402
Est. Expenses (35%)-$724
Net Cash Flow-$1,056/mo
3.5%
Cap Rate (all cash)
-12.0%
Cash-on-Cash Return
5.42%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.5% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
46/100
46
Cash Flow(30%)
51/100

Based on 5.42% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
45/100

Based on -1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
35/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (5.42%)
  • -Declining home values (-1.0% YoY)
  • -Negative cash flow at typical financing (-$1,057/mo)
  • -Negative leverage (cap rate 3.5% < mortgage rate 6.9%)

Counties in Modesto, CA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Kearney, NE
Kearney, NE
66$290,149$1,5116.25%BuyView
Tulsa, OK
Tulsa, OK
66$245,001$1,3976.84%BuyView
Starkville, MS
Starkville, MS
66$244,819$1,2676.21%BuyView
Fort Madison, IA
Fort Madison, IA
66$118,743Est.BuyView
Amarillo, TX
Amarillo, TX
66$210,380$1,2757.28%BuyView
Current
Modesto, CA
46$458,195$2,0705.42%Hold

The Bottom Line

HoldModesto, CA is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Modesto, CA metro area scores 46/100, ranking #776 of 894 US metros (top 87%). The 5.42% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,057/mo
Cap Rate
3.5%
Cash-on-Cash
-13.8%

Ready to Invest in Modesto, CA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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