Homes for Sale in Modesto, CA Real Estate

There are always good investments to be made whether the market is climbing or falling. Over the years, Modesto real estate has seen a steady increase. However, in 2020, homes for sale in Modesto, CA have seen a decrease in value.

Historically, housing prices have seen a steady increase in value with the occasional drop. Therefore, it may be a good time to buy a house in Modesto if you can find a good deal.

Modesto is a surprisingly affordable place to live in when compared to the rest of the state. While the cost of living is still above the United States average, you’ll find that it is an inexpensive place to live in California.

Food and health costs are close to the US average with Modesto real estate being the main factor in its higher cost of living. Homes for sale in Modesto, CA average around $400,000.

You’ll find that transportation costs are a bit more expensive with California’s gas prices being among some of the highest in the nation.

On the plus side, the minimum wage in California is $15.50, which should help compensate for the higher cost of living.

If you’re a Star Wars or Indiana Jones fan, then you will be pleased to know that Modesto is the birthplace of the franchises’ creator George Lucas, who was born there back in 1944.

The world’s largest winery—E. & J. Winery—is also located in Modesto. The winery owns around 20,000 acres which are home to a large vineyard.

The State Theater, built in 1920, is also located in Modesto and hosts dramas, musical performances, and independent films.

Modesto also has a large agricultural industry with all kinds of nuts from almonds to pistachio growing there.

You’ll find that Yosemite National Park is located just to the east of Modesto along with many national forests. There are also multiple museums such as the Great Valley Museum and the McHenry Museum.

One of the main reasons why rent is so high in Modesto is because there is a low housing supply and plenty of demand. Because of that, rental prices go up.

The average rent in Modesto is around $1,900. While it is still expensive to rent Modesto real estate, the average monthly rent in the city has fluctuated greatly by the month with it recently being more on the decline.

Due to California's high taxes, real estate in general tends to be more expensive. There is also the worldwide recession and the high cost of building materials that all factor into higher rental costs.

Considering that Modesto does have a growing economy, demand for housing will likely slowly increase. Because of that, it is predicted that rental rates will increase over time as well.

Modesto is generally cheaper to live in than Sacramento. Sacramento has a higher cost of living when it comes to food, health, transportation, and especially, housing.

The average home cost in Sacramento is around $491,000. However, the cost of utilities is less expensive than in Modesto and is even lower than the national average.

Overall, you’ll find that life in Modesto is generally more affordable than life in Sacramento.

Modesto is the 19th largest city in California with around 217,000 residents. It is situated between San Jose and San Francisco to the west, with multiple national forests and Yosemite National Park to the east.

The weather in Modesto is ideal, with a low of 56 degrees Fahrenheit during the day in the winter months, and a high of 94 degrees in the summer months.

There are many attractions throughout the city, including the Gallo Center for the Arts, which features hundreds of performances throughout the year.

There are also multiple museums showcasing the history of Modesto, such as the McHenry Museum, which tells the story of the city.

The city has a thriving downtown area with plenty of dining options, cafes, bars, and artwork featured throughout the town.

There are multiple parks throughout the city which are great for those with a family. Graceada Park, for example, has many sporting amenities, as well as a historical attraction of homes dating back to the 1920s.

Modesto is a city full of history and attractions that are historically important to its residents. One example of this is the McHenry Mansion which is a prime example of a Victorian-style home that has been carefully restored.

The home is open to tourists and there are even dedicated individuals who can teach you about the history of the house during your visit.

The city hosts an annual event called “Graffiti Summer”, which is a tribute to George Lucas’s film, “American Graffiti”. The city of Modesto – which served as Lucas’s inspiration for the movie – celebrates it by organizing street fairs, showcasing classic cars around town, and hosting concerts in the month of June.

There is also a memorial in Lucas’s honor with two bronze statues featuring a boy and a girl from “American Graffiti” sitting on a 1957 Chevy.

The Modesto Arch is a historic landmark that was built in 1920. It is lit up every night with 696 light bulbs to welcome visitors.

The State Theater in Modesto was built in the 1920s and has since been restored. It is open to the public and showcases low-budget, independent films.

Overall, you’ll find that Modesto has plenty to offer with many historical sites and cultural centers throughout the city.