Located in the heart of California's fertile Central Valley, the city of Modesto is famous for its rich soil, mild weather and friendly residents. With the cities of San Francisco and San Jose as well as Yosemite National Park and the Pacific Ocean no more than a two-hour drive away, Modesto is an ideal choice for both commuters and families. Although it has all the amenities of a large city with a population of over 400,000, Modesto residents are proud of its small-town atmosphere and place a strong emphasis on maintaining close community relationships.
Modesto offers a wide range of recreational activities including boating and fishing on the nearby Stanislaus River, an abundance of wide-open spaces and numerous hiking, biking and horseback riding trails. Modesto's strong school district is supported by the nearby California State University at Stanislaus, and will become even better with the future arrival of the University of California at Merced campus.
Modesto Real Estate Market: Price Range of Modesto Homes for Sale
Real estate in Modesto is both affordable and varied with a mix of both established homes and new developments. Homes are available in more rural, quiet settings as well as within walking distance of downtown. Condos and townhouses in Modesto start at under $200,000, while two-bedroom single-family homes can be found for around $180,000. For those looking for a bit more privacy and space, custom-built homes and luxury estates located on large lots up to 20 acres are available from around $600,000.
Modesto Real Estate Stats and Trends for the week of May 30th, 2016: homes priced around $281,534 compared to $290,785 the previous week, showing a decrease of less than -3%. For Monday, May 30th, the current national mortgage rate for a 30 year fixed mortgage is 3.66%; the 15 year fixed rate is at 2.77%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 3.88%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Modesto CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Modesto to help you find the best home!