Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fresno County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,170 | $642,203 | $242,182 |
| Price Trend (Annual %) | 9.6% | 10.0% | 8.2% |
| Median Gross Rent | $1,300 | $1,955 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fresno County is about 42% lower than in California. Rent is about 34% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Fresno County, up about 9.6% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Fresno County rose about 46.8% between 2015 and 2023, from $885 to $1,300. Over the same span, rent in California rose about 55.7%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Fresno County.
Buying the median-priced home in Fresno County costs roughly 24.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fresno County. The price-to-rent ratio in California is about 27.4.
| Metric | Fresno County | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,170 | $642,203 | $242,182 |
| Median Household Income | $71,361 | $96,718 | $78,145 |
| Price-to-Income Ratio | 5.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Fresno County rose about 99.5%, while median household income rose about 54.5% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fresno County | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.2% | 51.6% | 58.2% |
| Rental Rate | 42.0% | 40.9% | 31.3% |
| Vacancy Rate | 5.8% | 7.6% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Fresno County has a homeownership rate of 52.2%, higher than the California average of 51.6%. Its housing vacancy rate is 5.8%, compared with 7.6% in California.
Housing Stock
| Metric | Fresno County | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.08 people | 2.85 people | 2.54 people |
| Median Structure Built Year | 1981 | 1975 | 1978 |
| Median Number of Rooms | 5.2 | 5.0 | 5.5 |
The typical housing unit in Fresno County was built around 1981. On average, 3.1 people live in a home with about 5.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fresno County, California.
What is the median home price in Fresno County, California?
The median home price in Fresno County, California is $374,170, lower than the California average of $642,203.
What is the average home price in Fresno County, California?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fresno County, California?
The median gross rent in Fresno County, California is $1,300 per month, lower than the California average of $1,955.
What was the median gross rent in Fresno County in 2020?
In 2020, the median gross rent in Fresno County, California was $1,029 per month.
What is the price-to-rent ratio in Fresno County, California?
The price-to-rent ratio in Fresno County, California is about 24.0, meaning it would take roughly 24.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fresno County.
Are home prices or rent rising faster in Fresno County, California?
Both home prices and rent are rising in Fresno County, up about 9.6% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fresno County, California?
52.2% of households in Fresno County, California own their home, higher than the California average of 51.6%.
What is the vacancy rate in Fresno County, California?
The housing vacancy rate in Fresno County, California is 5.8%, lower than the California average of 7.6%.