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These days, finding an affordable place to live in the Fresno area can be challenging. Home prices in Fresno are now at a median cost of $379,570, lower than the California average of $812,006.
The average cost of rent is $1,635/mo in Fresno, primarily driven by the current value of real estate in the Fresno area. In Fresno, 42.99% of households rent, and 37.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fresno is $6,866 per month. Households that rent pay about 23.81% of their income on rent here. Fresno’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Sanger, CA: higher priced homes
- Del Rey, CA: less expensive homes
- Ripperdan, CA: higher priced homes
- Kerman, CA: equally priced homes
Cities with Similar Populations
- Redwood City, CA: higher priced homes
- Redmond, WA: higher priced homes
- Rochester, MN: equally priced homes
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- Rialto, CA: higher priced homes
- Reno, NV: higher priced homes
- Richmond, VA: equally priced homes
- Redlands, CA: higher priced homes
- Richardson, TX: higher priced homes
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