95351, Modesto, CA

Modesto, California is a city located in the Central Valley. Modesto has a population of around 209,000 and is the fifth largest city in the state. The 95351 zip code covers much of Modesto and includes areas like downtown Modesto, Oakdale, and Turlock. Home prices in this zip code have seen some significant growth over the past few years. In March of 2016, the median home price was $236,000 which increased to $269,900 by December of 2017. This growth has been driven by both demand and supply factors.

On one hand, there has been an increase in jobs and wages in Modesto which has led to an increase in demand for homes. Additionally, there is a large population of young adults who are looking for affordable housing options close to their work locations. As a result of these factors, home prices have continued to grow even as other markets have slowed down or seen declines over the past few years.

However, there are also some risks associated with this growth including potential increases in interest rates or another housing market crash similar to what we saw during the Great Recession. While it is impossible to predict exactly how things will play out over the next few years, it is important for buyers and sellers alike to stay aware of these risks so that they can make informed decisions about whether or not to buy or sell a home in this area.