95357, Modesto, CA

Modesto, California is located in the Central Valley and has a population of over 209,000 people. The 95357 zip code has a median home value of $156,500 and a median household income of $59,000. Approximately one-third of the households in the 95357 zip code own their homes outright while another third are renters. The remaining households are made up of those who have borrowed against their home equity to purchase their homes.

The average home value in Modesto has increased by 6% over the past year and is projected to increase by an additional 5% this year. This growth is due in part to increasing demand for housing in Modesto as well as statewide economic growth. In addition, interest rates remain low which encourages more people to borrow against their home equity to purchase homes.

Despite these positive trends, there are some challenges that face homeowners in the 95357 zip code. One issue is that there are not enough available homes for sale which means that homeowners have to compete with each other for limited inventory. Another challenge is that Modesto's economy is still relatively new and some areas may be slower than others to recover from recessionary periods. As a result, some homeowners may find it difficult to sell their homes even if they would like to do so.