Modesto, CA

Population: 209,286
Average annual home appreciation rate: 13.04%
Total of homes for sale in this market: 41
Median home price: $255,288
Median Rent: $1,179 per room
Home price range: 45.48% of homes are between $153,001 – $306,000
Median sales price: $226,500
Number of homes: 646
Median foreclosure sales price: $189,400
Foreclosure discount: 16%
Most common home type: 67.73% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.20%
Number of renters: 46.31%
Number of owner occupied: 53.69%
Number people living below poverty level: 20.82%
Unemployment rate: 8.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Modesto area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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