Fresno, Texas Housing Market Prices
Fresno Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 26% below the Texas median$192,140
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Median rent 46% above the Texas median$2,044
Housing Market Overview
| Metric | Fresno | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,140 | $258,873 | $248,835 |
| Price Trend (Annual %) | 20.9% | 9.2% | 7.5% |
| Median Gross Rent | $2,044 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fresno is about 26% lower than in Texas. Rent is about 46% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fresno, up about 20.9% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Fresno rose about 53.2% between 2015 and 2024, from $1,334 to $2,044. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Fresno.
Buying the median-priced home in Fresno costs roughly 7.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fresno. The price-to-rent ratio in Texas is about 15.4.
| Metric | Fresno | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $192,140 | $258,873 | $248,835 |
| Median Household Income | $93,310 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.1 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fresno rose about 232.4%, while median household income rose about 17.7% between 2009 and 2025 — 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 | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.4% | 56.7% | 58.5% |
| Rental Rate | 17.6% | 33.9% | 31.2% |
| Vacancy Rate | 7.0% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Fresno has a homeownership rate of 75.4%, higher than the Texas average of 56.7%. Its housing vacancy rate is 7.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Fresno | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.99 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2004 | 1990 | 1978 |
| Median Number of Rooms | 6.1 | 5.4 | 5.5 |
The typical housing unit in Fresno was built around 2004. On average, 3.0 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Fresno, TX Housing Compared With Nearby Cities
How Fresno, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fresno, TX | 20,405 | $192,140 #3/3 | $2,044 #2/3 | 81.1% #2/3 |
| Sienna, TX | 22,341 | $600,483 | $2,370 | 95.3% |
| Missouri City, TX | 83,037 | $358,598 | $1,904 | 80.8% |
Frequently Asked Questions
Common questions about the housing market in Fresno, Texas.
What is the median home price in Fresno, Texas?
The median home price in Fresno, Texas is $192,140, lower than the Texas average of $258,873.
What is the average home price in Fresno, Texas?
The typical home price in Fresno, Texas, reported as the median sale price, is $192,140. 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, Texas?
The median gross rent in Fresno, Texas is $2,044 per month, higher than the Texas average of $1,402.
What was the median gross rent in Fresno in 2020?
In 2020, the median gross rent in Fresno, Texas was $1,698 per month.
What is the price-to-rent ratio in Fresno, Texas?
The price-to-rent ratio in Fresno, Texas is about 7.8, meaning it would take roughly 7.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fresno.
Are home prices or rent rising faster in Fresno, Texas?
Both home prices and rent are rising in Fresno, up about 20.9% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fresno, Texas?
75.4% of households in Fresno, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Fresno, Texas?
The housing vacancy rate in Fresno, Texas is 7.0%, lower than the Texas average of 9.4%.
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