Modesto, CA Real Estate
According to census data in the year 2000 there were 67,278 housing units in Modesto.
This represents a 10.5% growth from 60,878 in 1990.
Of those housing units, 67,265 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in Modesto is about 58.9%.
Modesto's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in Modesto were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.80% |
| One Bedroom | 13.40% |
| Two Bedrooms | 26.60% |
| Three Bedrooms | 43.40% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $126,000 |
| Median Price asked for vacant units | $121,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $567 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 13.70% |
| Home Equity Loan | 6.20% |
| Simple Mortgage | 59.70% |
| Debt Free | 20.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.6% |
