Modesto residents expand home searches amid high mortgage rates

Sue Zwahlen, Mayor of Modesto
Sue Zwahlen, Mayor of Modesto - Modesto, CA
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Home prices across the United States are beginning to stabilize, but affordability remains a concern for many buyers. Mortgage rates near record highs continue to make purchasing a home challenging, with even small increases in rates resulting in higher monthly payments.

As a result, some buyers are looking beyond expensive urban areas and considering other locations where they can work remotely. Data from Realtor.com’s Cross-Market Demand Report shows the destinations that attract the most interest from Modesto residents searching for homes. The data is based on page views of active listings during the third quarter of 2025 and does not include international viewers.

Among the locations drawing attention from Modesto home seekers, one area had a view share of 13.3%, with a median listing price of $615,745 and a median price per square foot at $340. Another area followed closely with a 13.1% view share, where the median listing price was $594,831 and $309 per square foot.

Other notable destinations included areas with view shares ranging from 5% to 5.6%. In these markets, median listing prices varied between $435,000 and $975,000 while median prices per square foot ranged from $261 to $655.

Areas receiving between 1.4% and 3.7% of Modesto search interest showed considerable variation in both listing prices and cost per square foot—some reaching as high as $1,282,250 for the median list price.

The ongoing trend indicates that high mortgage rates are leading more potential buyers to expand their home searches outside traditional urban centers—a shift made possible by increased opportunities for remote work.

Data referenced in this report comes from Stacker Media’s analysis using Realtor.com’s Cross-Market Demand Report (https://www.realtor.com/research/cross-market-demand/).



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