Real Estate Investing in Modesto, California (95351)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 95351 (Modesto, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 8.1% unemployment — tenant risk signal.
What’s happening in Modesto, CA (95351)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 95351 Modesto
Investors eyeing 95351 need to respect the fundamentals at play. Home values of $381K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 95351 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 95351 and stronger Modesto ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 47,232 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 95351 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Modesto:
Property Strategy for 95351
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $247,574 | $1,250 | 3.6% | +7.0% | $247,574 |
| 2BR | $306,927 | $1,620 | 3.8% | +6.6% | $153,463 |
| 3BR | $379,790 | $2,250 | 4.3% | +6.5% | $126,597 |
| 4BR | $437,551 | $2,600 | 4.3% | +6.4% | $109,388 |
| 5BR | $542,543 | — | — | +6.4% | $108,509 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 95351 Compare?
| Metric | 95351 | Modesto | Modesto, CA | California |
|---|---|---|---|---|
| Home Value | $380,970 | $288,024 | N/A | $761,003 |
| 5-Year CAGR | 3.4% | 2.8% | N/A | 5.7% |
| Avg Rent | $1,623 | $2,019 | N/A | - |
| Cap Rate | 3.3% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 95351 (Modesto, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 95351 (Modesto, CA)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Stanislaus County
Manage rentals here? List your business →summary from their website summary from their website
Liberty Property Management offers services for Homeowners Associations, residential and commercial property management, and rental assistance in Stanislaus County and surrounding cities. summary from their website
Valley Oak Property Management provides property management services in Modesto and Stanislaus County, including Ceres, Escalon, and Manteca. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $380,970 |
| Monthly Rent | $1,623 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | -16.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 95351
Population: 47,232
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 95351
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,781 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is rental property easy to operate in Modesto, CA?
For rental operators, Modesto, CA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
What does house hacking look like in Modesto, CA?
Modesto, CA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,623/mo rent level.
Where do home prices stand in Modesto, CA?
In Modesto, CA the median home value sits at $381K. Against the broader CA market, that reads as reasonable for most investors.
What strategy should investors use in Modesto, CA?
For Modesto, CA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are tenants stable in Modesto, CA?
Tenant demand in Modesto, CA is solid. The local workforce $1,623/mo rents across most rental classes.
You know 95351 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 95351 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 95351 ranks in Modesto, CA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 95351 (Modesto)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 95351 (Modesto, CA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.