Fresno, CA
Fresno County · Pop. 542,107
Ranked #127 of 243 cities
38Crisis
Median Home Price
🏠$370K
3.8% YoY
Median Rent
🔑$1,350
3.0% YoY
Median Income
💰$52K
Rent Burden
📊33.5%
% of income to rent
Income to Buy
🏦$106K
annual income needed
Income to Rent
📝$54K
annual income needed
Price-to-Income
⚖️7.1x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$1,969/mo
Est. mortgage (7%, 20% down)
Need $106K/yr income
Rent
$1,350/mo
Median rent
Need $54K/yr income
How Fresno Compares
| Metric | Fresno | California | National |
|---|---|---|---|
| Home Price | $370K | $726K | $410K |
| Rent | $1,350 | $1,992 | $1,500 |
| Income | $52K | $96K | $75K |
| Rent Burden | 33.5% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Fresno are 10% lower than the national average.
- • Rent is 10% lower than the national average.
- • You need an income of $106K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.