A typical Cowan home is worth roughly $364,000
Home prices around Cowan have risen about 52% over the past 5 years.
What kind of housing town is Cowan?
Read from the numbers below. The page puts what stands out first.
What it takes to buy in Cowan
Try your own numbers below.
That covers a typical Cowan home, with $32K to spare.
A two-bedroom rents for about $1,800 a month here, $320 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the California typical property tax (0.70% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,800
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Modesto, CA MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Home prices up 52% in 5 years
The federal house price index for the ZIP code around Cowan rose 52% over the past 5 years, faster than across California (40%). Last year prices rose 3.9%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Cowan, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
41% of Cowan households own their home
Half of Cowan’s homes were built before 1990.
California: 56% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Neighbors talk housing
What Cowan buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.