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Modesto, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,012
Monthly Cash Flow
-$659
Principal + Equity
$2,998
Annual Total Gain
$28,065
Cash on Cash
-7.15%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$171
Occupancy Rate
60.87%
Monthly Revenue
$2,035
Monthly Cash Flow
-$941
Principal + Equity
$2,998
Annual Total Gain
$24,681
Cash on Cash %
-10.21%
Net ROI %
Market Health & Growth
Median Income
$77,899
Population
218,614
LTR Renter %
41.56%
Forecast (1 yr)
0.49%
Appreciation (1 yr)
-1.04%
Appreciation (5 yr)
35.36%
Appreciation (10 yr)
100.65%
Job Growth
1.18%
LTR Rentability
Moderate
STR Demand
76
STR Rentals
294
Top Public Schools
AConnecting Waters Charter - East Bay
BJames C. Enochs High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Cities in America
#72out of 229 markets
Best Cities for Outdoor Activities in America
#75out of 229 markets
Cities with the Best Public Schools in America
#109out of 229 markets
B-
Public School
D
Crime And Safety
D
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Modesto, CA.
In Modesto, CA, Short Term Rental (STR) regulations are governed by the city's Municipal Code. Investors looking to purchase a property for STR purposes in Modesto should be aware of the following regulations:
1. Permit Requirement: All STR operators in Modesto are required to obtain a permit from the city before renting out their property on a short-term basis. The permit application process typically involves submitting an application, paying a fee, and meeting certain requirements set by the city.
2. Occupancy Limits: The city of Modesto has specific occupancy limits for STR properties, which vary depending on the size and type of the property. Investors should ensure that they comply with these limits to avoid any potential fines or penalties.
3. Noise Regulations: Modesto has noise regulations in place to ensure that STR properties do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to minimize noise disturbances from their rental property.
4. Transient Occupancy Tax (TOT): STR operators in Modesto are required to collect and remit Transient Occupancy Tax on all rental transactions. This tax is typically a percentage of the rental rate and must be paid to the city on a regular basis.
5. Zoning Restrictions: Investors should also be aware of any zoning restrictions that may apply to STR properties in Modesto. Certain neighborhoods or areas may have specific regulations or prohibitions on short-term rentals, so it is important to research and understand these restrictions before investing in a property.
By familiarizing themselves with these regulations and requirements, investors can ensure that they are in compliance with the law and can operate their STR property successfully in the city of Modesto, CA.
Market Trends Over Time
Explore 25 years of market data for Modesto, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Modesto, CA.
The LTR Genie Score of Modesto, CA is 57 and STR Genie Score is 52, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is moderate, which may be due to the LTR Rent Growth Rate of 0.0706% and the 1-Year Price Appreciation Forecast of 0.49%. The LTR Net ROI of 25.38% is relatively high, suggesting potential for long-term rental profitability. On the other hand, the STR Net ROI of 22.32% and STR Occupancy rate of 60.87% indicate a decent level of short-term rental investment potential.
Modesto, CA is a city located in the Central Valley of California known for its agricultural industry and affordable housing market. With a growing population and a diverse economy, Modesto offers real estate investors the opportunity to capitalize on both long-term and short-term rental markets.
In conclusion, Modesto, CA presents a balanced opportunity for both long-term and short-term rental investments. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this market. However, thorough market research and due diligence are recommended before making any investment decisions.
