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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 24,486, 7,846 total housing units (homes and apartments), and a median house value of $286,633, 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 86.89% of the town's housing units. Other types of housing that are prevalent in Fresno include mobile homes or trailers ( 12.28%).
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 83.41% of Fresno's homes, and 81.93% 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. 74.89% 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 ( 23.57%), and between 1940-1969 ( 1.20%).
Real estate appreciation rates in Fresno's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.20% during the period.
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 4.85%, 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 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Fresno's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fresno differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fresno - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fresno real estate investment or home purchase decisions.
$286,633
for Texas
for nation
7,846
$2,863 / per month