Tag archive

housing markets

Modesto among Top 10 rising housing markets nationally, new analysis finds

in business

Modesto is one of the Top 10 rising housing markets in the country, according to a new analysis by a New York-based financial technology company.

The assessment, released by SmartAsset, ranks Modesto sixth in the nation for rising housing markets. Modesto’s ranking is based on its performance in three metrics: income growth, housing demand and home value growth.

SmartAsset found that between 2014 and 2018, Modesto’s population grew by about 2.7% more than the number of housing units in the city. In that same period, Modesto experienced a home value growth of 54.9%, and a median household income increase of over 20%. SmartAsset also ranks Stanislaus County as the county with the highest home value growth in the state, at 57.55%.

Continue Reading on The Modesto Bee

Go to Top