The typical owner-occupied home in Modesto is worth about $442,700, 40% below the California median of $734,700 and 33% above the national median of $332,700. Owners pay a median $2,835 a year in property taxes, about 0.64% of their home's value, lower than the California rate of 0.70%. The median household earns $79,891 a year, so the median home costs 5.5 times the median income (7.4 times for California). 59% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Modesto at a glance
| Modesto | California | U.S. | |
|---|---|---|---|
| Median home value | $442,700 | $734,700 | $332,700 |
| Median property tax paid per year | $2,835 | $5,124 | $3,119 |
| Property tax as a share of value | 0.64% | 0.70% | 0.94% |
| Median household income | $79,891 | $99,122 | $80,734 |
| Homes lived in by their owners | 59% | 56% | 65% |
| Owner homes with a mortgage | 66% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,099 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 24.8% | 21.0% |
| Median rent | $1,690 | $2,036 | $1,413 |
| Rent as a share of renters' income | 34.0% | 32.8% | 30.6% |
| Median year homes were built | 1978 | 1976 | 1980 |
| Vacant homes | 3.6% | 7.5% | 10.1% |
| Population | 219,215 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Modesto
At this week's average 30-year rate of 7.11%, buying the median Modesto home of $442,700 with 20% down costs about $2,803 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,540, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $120,130 for the 20%-down payment. That payment is 42% of the median Modesto household income of $79,891; at that income and 20% down, the 28% guideline points to a home of about $294,000.
The median rent here is $1,690 a month, so owning the median home costs about $1,113 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $88,540 |
|---|---|
| Loan amount | $354,160 |
| Principal and interest | $2,382 |
| Property taxes (0.64% a year) | $236 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| PMI | $0 |
| Total per month | $2,803 |
Change the numbers in the calculator
| Down payment | $15,494 |
|---|---|
| Loan amount | $434,682 |
| Principal and interest | $2,924 |
| Property taxes (0.64% a year) | $236 |
| Homeowners insurance (our estimate, 0.5% a year) | $184 |
| FHA mortgage insurance | $196 |
| Total per month | $3,540 |
Change the numbers in the calculator
Questions about home buying in Modesto
What is the median home value in Modesto?
About $442,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Modesto?
Homeowners pay a median $2,835 a year, which is about 0.64% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Modesto?
For the median home with 20% down at 7.11%, the payment is about $2,803 a month. Keeping that under 28% of gross income takes about $120,130 a year.
More about Modesto
- Mortgage Refinance in Modesto
- Debt Relief in Modesto
- Home Equity Loans in Modesto
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data