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Market Snapshot
Things to Do in Modesto
Modesto is a charming city in the heart of California. Although it is one of the area's largest cities, it maintains its rural charm. It offers something for everyone, featuring several historical landmarks, centers of arts and culture, and a vibrant downtown area that is alive with great restaurants, shopping, and entertainment. Check out the Great Valley Museum and Planetarium, the McHenry Mansion, and the McHenry Museum, or visit the largest winery in the world, the E & J Gallo Winery. Also located in Modesto is the Gallo Glass Company, a subsidiary of Gallo Winery and the largest wine bottle manufacturer in the world. Modesto's temperate weather encourages an active outdoor recreational lifestyle, from river rafting to hiking or simply enjoying the great outdoors at one of the city's many parks.
Modesto Industries
Agriculture is one of the top drivers of Modesto's economy and jobs market, particularly related to the area's successful wine industry. Other top industries include healthcare, social assistance, retail, and manufacturing. Some of the highest-paying jobs can be found in the management, utility, and public administration sectors.
Modesto Housing Market Conditions
In California, Modesto is a bright spot in the new housing market. Modesto enjoy high 3rd quarter starts in 2022 rivaling a 10 year high from the last quarter of 2021. The pandemic has had little impact to the vacant inventory with new construction increasing.
The strong job market in health care and manufacturing is bolstering the economy. Primarily, this area has a strong manufacturing job market with a large focus on food and beverage processing and related industries. The new home affordability ratio is at a 10 year low. There are many new homes for sale in Modesto.
Top Modesto School Districts
Stanislaus Union Elementary School District, Sylvan Union Elementary School District, Patterson Joint Unified School District, Hart-Ransom Union Elementary School District, Ceres Unified School District,and Modesto City High School District offers an abundance of school options in the Modesto area. Knowing your family’s children are safe and secure in enriching learning environments will put your mind at ease. Your students will thrive with dedicated staff working hard to ensure success.
Use NewHomeSource to explore the entire real estate market in Modesto. Your new dream home is just a click away.
Market Overview: New Homes in Modesto, CA
Here is a quick overview of new housing developments in the Modesto area and the new construction market for new build homes in Modesto:
| Market Name | Modesto |
| State Name | California |
| Subdivisions | 25 |
| Homes Under Construction | 30 |
| Quick Move-in Homes | 37 |
| Floor Plans | 95 |
| Starting Price | $369,990 |
| Average Price | $575,388 |
| Price Per SqFt | $267 |
| New Home Builders | 14 |
| Leading Builders |
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