Fresno appreciation rates and housing market information

Fresno housing market information

With 427,224 people, 148,931 houses or apartments, and a median cost of homes of $201,887, Fresno real estate values are some of the lowest in California, although compared to real estate around the nation, Fresno homes are still considered rather expensive.

single-family detached homes are the single most common housing type in Fresno, accounting for 58.11% of the city's housing units. Other types of housing that are prevalent in Fresno include large apartment complexes or high rise apartments (24.27%), duplexes, homes converted to apartments, or other small apartment buildings (10.94%), row houses and other attached homes (4.04%), and a few mobile homes or trailers (2.48%).

People in Fresno primarily live in small (one, two, or no bedroom) single-family detached homes. Fresno has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Fresno built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fresno built from 1940-1969 (34.93%). A lesser amount of the housing stock also hails from 1995 and later (7.90%), and some were built from 1939 and earlier (7.90%).

Fresno home appreciation rates

Appreciation rates for homes in Fresno have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.86%, which ranks in the top 40% nationwide. This equates to an annual average Fresno house appreciation rate of 8.38%.

Over the last year, Fresno appreciation rates have trailed the rest of the nation. In the last twelve months, Fresno's appreciation rate has been -20.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fresno were at 0.95%, which equates to an annual appreciation rate of 3.80%.

Relative to California, our data show that Fresno's latest annual appreciation rate is higher than 21% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fresno differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fresno - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Fresno real estate investment or home purchase decisions.