Fresno, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fresno, CA Housing Market Trends

With 531,576 people, 168,625 houses or apartments, and a median cost of homes of $243,228, 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 61.39% of the city's housing units. Other types of housing that are prevalent in Fresno include large apartment complexes or high rise apartments ( 20.43%), duplexes, homes converted to apartments or other small apartment buildings ( 13.58%), and a few row houses and other attached homes ( 2.55%).

The most prevalent building size and type in Fresno are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.87% owning and 54.13% renting.

There is a lot of housing in Fresno built from 1970 to 1999 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 between 1940-1969 ( 28.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.27%). There's also some housing in Fresno built before 1939 ( 6.24%).

Fresno Home Appreciation Rates

In the last 10 years, Fresno has experienced some of the highest home appreciation rates of any community in the nation. Fresno real estate appreciated 87.76% over the last ten years, which is an average annual home appreciation rate of 6.50%, putting Fresno in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fresno definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fresno's appreciation rate, at 5.75%, has been at or slightly above the national average. In the latest quarter, Fresno's appreciation rate has been 2.31%, which annualizes to a rate of 9.55%.

Relative to California, our data show that Fresno's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Fresno real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$243,228

Fresno, CA HOME PRICES

> $1,239,000
1.0%
1.0%
$929,001 - $1,239,000
1.1%
1.1%
$619,001 - $929,000
3.5%
3.5%
$495,001 - $619,000
4.6%
4.6%
$372,001 - $495,000
11.5%
11.5%
$248,001 - $372,000
30.3%
30.3%
$124,001 - $248,000
35.0%
35.0%
$62,001 - $124,000
8.8%
8.8%
$0 - $62,000
4.2%
4.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
168,625

Fresno Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
143.74% 4.33%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,360 / per month

Homeownership Rate

Owners
45.9%
45.9%
Renters
54.1%
54.1%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.3%
17.3%
1970 - 1999
48.0%
48.0%
1940 - 1969
28.5%
28.5%
1939 or Older
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.4%
61.4%
Townhomes
2.5%
2.5%
Small Apt. Buildings
13.6%
13.6%
Apt. Complexes
20.4%
20.4%
Mobile Homes
2.0%
2.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.2%
5.2%
1 Bedroom
10.0%
10.0%
2 Bedrooms
28.0%
28.0%
3 Bedrooms
40.1%
40.1%
4 Bedrooms
13.8%
13.8%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES