Fresno, TX 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, TX Housing Market Trends

With a population of 23,584, 6,932 total housing units (homes and apartments), and a median house value of $183,136, Fresno real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fresno, accounting for 84.15% of the town's housing units. Other types of housing that are prevalent in Fresno include mobile homes or trailers ( 13.01%), row houses and other attached homes ( 2.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fresno. Owner-occupied housing accounts for 81.41% of Fresno's homes, and 85.31% have either three or four bedrooms, which is average sized relative to America.

Fresno homes and real estate are some of the newest in America. 64.73% of Fresno's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fresno real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.14%), and before 1939 ( 1.76%). There's also some housing in Fresno built between 1940-1969 ( 1.37%).

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 54.75% over the last ten years, which is an average annual home appreciation rate of 4.46%, putting Fresno in the top 20% 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.

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 3.87%, 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 0.45%, which equates to an annual appreciation rate of 1.82%.

Notably, Fresno's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Fresno's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 
info

Median Home Value:
$183,136

Fresno, TX HOME PRICES

> $1,107,000
0.0%
0.0%
$830,001 - $1,107,000
0.1%
0.1%
$554,001 - $830,000
0.7%
0.7%
$443,001 - $554,000
0.4%
0.4%
$332,001 - $443,000
2.9%
2.9%
$221,001 - $332,000
25.0%
25.0%
$111,001 - $221,000
57.6%
57.6%
$55,001 - $111,000
9.4%
9.4%
$0 - $55,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
6,932

Fresno Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
90.93% 3.13%
3
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,700 / per month

Homeownership Rate

Owners
81.4%
81.4%
Renters
18.6%
18.6%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
64.7%
64.7%
1970 - 1999
32.1%
32.1%
1940 - 1969
1.4%
1.4%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.1%
84.1%
Townhomes
2.8%
2.8%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
13.0%
13.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.8%
0.8%
2 Bedrooms
5.7%
5.7%
3 Bedrooms
44.1%
44.1%
4 Bedrooms
41.3%
41.3%
5 or more bedrooms
8.2%
8.2%
0.0% 100.0%
% OF HOMES