Fresno, CA Real Estate Market 2026

Investor-grade market analytics for Fresno, California. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$411,441

+0.9% year-over-year

Est. Rental Yield

6.0%

gross annual

12-Month Forecast

-5.9%

base case (Zillow ZHVF)

-5.9% year-over-year

Market Momentum

➡️
Neutral
3.2mo supply · Score 0/7

Migration: Top 96% nationally

Income Migration

➡️ Neutral0.95x

In-migrants avg $57,614 AGI vs out-migrants $60,327

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Opportunity Zone Market

29 ZIP codes in Fresno are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Fresno Market Summary

Fresno, CA is in a stabilization phase with 0.9% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.72x, above the national average of 4.8x. Net negative migration (-1,045 returns/year) is reducing housing demand pressure. Climate risk is elevated (70/100), which may impact insurance costs and long-term property values. Rental yield of 5.96% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score61/100
Price-to-Income Ratio5.7x (national avg 4.8x)
Median Household Income$71,897

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-8.8%
Base Case-5.9%
Bull Case-2.9%

Climate & Natural Hazard Risk

Fresno, CA's primary climate exposure is flooding (70/100). The composite climate risk score of 70/100 (High) indicates overall risk which may increase insurance premiums and impact property values over time. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Fresno dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.