95355, Modesto, CA

Modesto, California is a city located in the Central Valley. The 95355 zip code encompasses much of Modesto and has a population of around 209,000 people. Modesto is known for its agricultural industry and its position as the largest city in Stanislaus County. The 95355 zip code has a median home value of $183,500 and a median household income of $53,750.

The 95355 zip code has seen steady growth over the past few years. In January 2017, there were an estimated 183 homes for sale in the 95355 zip code. This number increased to an estimated 228 homes for sale by January 2018. Over the same period of time, the median home value increased from an estimated $173,000 to an estimated $183,500. Additionally, over the past year there was an increase in average monthly housing costs from $1,811 to $2,068 per month. This indicates that there is strong demand for housing in this area and that prices are likely to continue increasing over time.

There are several factors that may be contributing to this trend including:

-The strong economy: Modesto has seen consistent growth over the past few years which may be fueling demand for housing

-Low interest rates: Interest rates have been low throughout most of 2018 which may be encouraging some homeowners to sell their homes

-Limited inventory: There are currently only 228 homes available for sale in the 95355 zip code which means that buyers have plenty of choice when it comes to selecting a home

-Rapid population growth: Modesto is experiencing rapid population growth which may also contribute to higher home values