Fresno, CA housing market
The typical home in the Fresno, CA metro area is worth $404,052, up 1.1% from a year ago.
Typical rent is $2,052 a month, up 3.5% in a year.
Builders got permits for 2,154 homes from January to August 2026, down 7.8% on the same months of 2025.
The metro area lost a net 3,685 residents to the rest of the U.S. in the year to July 2025.
The FHFA HPI® (all-transactions) for the Fresno, CA metro area is up 2.1% over the year to Q2 2026. Unemployment was 7.8% in August 2026, down 0.1 points from a year earlier. Employers had 454K payroll jobs in September 2026, up 1.9% from a year earlier.
Metro area as defined by the Census Bureau: Fresno, CA.
Metro area · Sep 2026
The latest numbers
Typical home value
$404,052
up 1.1% past 12 mo
Median sale price
$415,000
As of Aug 2026
Typical rent
$2,052/mo
up 3.5% past 12 mo
Homes for sale
2,280
Active listings
Days to pending
21
Median, listing to contract
Permits YTD
2,154
down 7.8% vs same months last year
Population growth
+0.3%
Past year · pop. 1.2M
Net domestic migration
−3,685
Past year, net moves from elsewhere in the US
FHFA home prices
+2.1%
Past year · Q2 2026
FHFA, past 5 years
+35.5%
Q2 2021 to Q2 2026
Unemployment rate
7.8%
down 0.1 pts vs Aug 2025
Job growth
+1.9%
Past year · 454K jobs in Sep 2026
Typical home value, 24 months
up 1.0%Typical home value went from $400,127 in Oct 2024 to $404,052 in Sep 2026, a change of +1.0%.
Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026
Source: FHFA House Price Index® (All-Transactions, not seasonally adjusted); U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics; U.S. Bureau of Labor Statistics, Current Employment Statistics
BLS figures are not seasonally adjusted; retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
Metro area · Yearly figures
Renters and movers
Fair Market Rent, 2BR
$1,664/mo
FY 2026, with utilities
Rental vacancy rate
3.7%
No significant change vs 2023 (+0.7 pts, within the margin of error)
2024 survey · ±1.0 pts
Net movers
−3,043
People on tax returns filed 2022–23
Income moving in
−$127M
Movers' 2022 adjusted gross income, net
- Fair Market Rent.
- HUD's rent-plus-utilities benchmark for a modest home in the Fresno, CA HUD Metro FMR Area, set each federal fiscal year (FY 2026 covers Oct 2025 to Sep 2026). HUD uses it to set housing-voucher payment standards, and it trails the market. HUD's FY 2027 rents took effect Oct 1, 2026; they'll appear here once HUD's data service carries them.
- Rental vacancy.
- Rentals that are empty and for rent, as a share of all rentals, from the Census Bureau's 2024 American Community Survey. A survey estimate, shown with its 90% margin of error; a change smaller than the combined margins is marked not significant.
- Movers.
- People on tax returns (filers and dependents) who moved in minus those who moved out between the 2022 and 2023 filing seasons, moves within the U.S. only. Income is the movers' adjusted gross income for 2022, from returns filed in 2023. Moves between counties inside the metro area aren't counted. The Census estimate of net domestic migration above covers a different, more recent year.
Source: U.S. Department of Housing and Urban Development, Fair Market Rents; U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data
Fidelis First is not affiliated with or endorsed by the U.S. Department of Housing and Urban Development. Census files accessed Oct 27, 2026. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.
How Fresno, CA ranks
Each measure next to the national figure, and where Fresno, CA places among the 100 largest metros.
| Measure | Fresno, CA | U.S. | Rank among the 100 largest metros |
|---|---|---|---|
| Typical home valueZillow ZHVI | $404,052 | $366,157 | 35th of 100 |
| Home value changePast 12 months | +1.1% | +1.2% | 54th of 100 |
| Typical rentPer month, Zillow ZORI | $2,052 | $1,932 | 21st of 100 |
| Rent changePast 12 months | +3.5% | +2.7% | 25th of 100 |
| Fair Market Rent, 2BRHUD, per month with utilities | $1,664 | — (HUD sets no U.S. figure) | 49th of 100 |
| Rental vacancy rateCensus ACS; tightest ranks first | 3.7% | 5.7% | 14th of 100 |
| Days to pendingMedian; fastest ranks first | 21 days | 27 days | 40th of 100 |
| Permits per 1,000 residentsHomes authorized, year to date | 1.8 | 2.8 | 70th of 100 |
| Permit changeSame months a year earlier | −7.8% | +0.1% | 62nd of 100 |
| Population growthPast year | +0.3% | +0.5% | 67th of 100 |
| Net domestic migrationPer 1,000 residents, past year | −3.1 | — | 81st of 100 |
| Income moving inNet per resident; Fidelis First calculation from IRS and Census data | −$105 | — (Not applicable to the U.S.) | 58th of 100 |
| FHFA home price changePast year, FHFA HPI® | +2.1% | +3.0% | 66th of 100 |
| FHFA, past 5 yearsFive-year change, FHFA HPI® | +35.5% | +41.3% | 71st of 100 |
| Unemployment rateNot seasonally adjusted; lowest ranks first | 7.8% | 4.3% | 99th of 100 |
| Job growthNonfarm payroll jobs, past 12 months | +1.9% | +0.3% | 7th of 100 |
Source: Data Provided by Zillow Group; U.S. Census Bureau, Building Permits Survey; U.S. Census Bureau, Population Estimates · As of Sep 2026
Source: FHFA House Price Index® (All-Transactions, not seasonally adjusted); U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics; U.S. Bureau of Labor Statistics, Current Population Survey; U.S. Bureau of Labor Statistics, Current Employment Statistics
FHFA figures are for Q2 2026. BLS unemployment is for Aug 2026 and jobs for Sep 2026, not seasonally adjusted; the U.S. figures beside them are for the same months. BLS data retrieved from BLS.gov Oct 27, 2026. This product uses FHFA data but is neither endorsed nor certified by FHFA. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
Source: U.S. Department of Housing and Urban Development, Fair Market Rents; U.S. Census Bureau, "Tenure" (B25003) and "Vacancy Status" (B25004), American Community Survey 1-Year Estimates; IRS Statistics of Income, U.S. Population Migration Data
Fair Market Rents are HUD's for fiscal year 2026 (FY 2027 rents took effect Oct 1, 2026). Rental vacancy is from the 2024 American Community Survey. Income moving in is movers' net adjusted gross income for 2022 (IRS returns filed in 2023), divided by the latest Census population estimate (July 1, 2025); a Fidelis First calculation. Fidelis First is not affiliated with or endorsed by the U.S. Department of Housing and Urban Development. Rental vacancy rates, their margins of error, year-over-year changes and significance tests, and per-resident figures are calculated by Fidelis First from Census Bureau data; the Census Bureau is the source of the original data only. Fidelis First is not affiliated with or endorsed by the Internal Revenue Service.
Around Fresno, CA
Its state, then other large metros centered in California.
- CaliforniaState$762K+0.7%
- Los Angeles, CAMetro area$950K+1.3%
- San Francisco, CAMetro area$1.1M+3.1%
- Riverside, CAMetro area$580K+0.6%
- San Diego, CAMetro area$927K+0.8%
- Sacramento, CAMetro area$573K0.0%
- San Jose, CAMetro area$1.5M+0.2%
- Bakersfield, CAMetro area$360K0.0%
- Oxnard, CAMetro area$870K+1.1%
- Stockton, CAMetro area$520K−2.1%
- Modesto, CAMetro area$461K+0.2%
Who's raising money in California
Real estate offerings filed with the SEC on Form D by issuers based in California, Sep 27 – Oct 26, 2026.
Filings53
Total offered$3.8B
- Aurora at the Lake LLCSanta Clara, CA · Filed Oct 26, 2026 · 506(b)$736K
- AZI Reed Ave 1517 LPSan Diego, CA · Filed Oct 23, 2026 · 506(b)$233K
- Ownify Home Fund II LLCSan Francisco, CA · Filed Oct 23, 2026 · 506(c)$25M
- Real Estate Portfolio TE 2027 LPSan Francisco, CA · Filed Oct 23, 2026 · 506(b)Indefinite
- Real Estate Portfolio GF 2027 LPSan Francisco, CA · Filed Oct 23, 2026 · 506(b)Indefinite
Source: SEC EDGAR, Form D
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