Fresno Home Prices: $375K, Down 0.3% — 19 ZIPs Analyzed (2026)
$374,905. That’s what a typical home costs in Fresno right now — down 0.3% from a year ago. In a state where the median home easily clears half a million dollars, Fresno remains one of the more accessible markets in California.
Quick answer: The average home price in Fresno, CA is $374,905 as of February 2026, down 0.3% year over year according to Zillow.
Current Home Prices in Fresno
| Metric | Value |
|---|---|
| Median Home Value | $374,905 |
| Year-over-Year Change | -0.3% |
| Lowest ZIP Code Value | $197,578 |
| Highest ZIP Code Value | $646,264 |
| Number of ZIP Codes | 19 |
| Data As Of | February 2026 |
The 0.3% annual decline sounds minor, and it is. In dollar terms, that’s roughly a $1,100 drop compared to March 2025’s $376,159 median. Fresno prices have been essentially flat for a full year.
What’s more telling is the shape of the curve. Prices peaked last spring around $375,700, slid through the summer to a low of $371,449 in September, and have been creeping back up since October. The February reading of $374,905 nearly matches where the market stood twelve months earlier.
The spread between the cheapest and most expensive ZIP codes is massive — $197,578 versus $646,264. That $448,686 gap means your experience of Fresno’s housing market depends heavily on which part of the city you’re looking in.
Fresno Home Prices by Neighborhood
| ZIP Code | Median Home Value | Typical Rent |
|---|---|---|
| 93730 | $646,264 | $2,624 |
| 93737 | $516,520 | Data not available |
| 93711 | $509,927 | $2,075 |
| 93723 | $508,593 | Data not available |
| 93720 | $491,687 | $2,104 |
| 93727 | $426,884 | $2,172 |
| 93722 | $395,180 | $2,144 |
| 93710 | $394,752 | $1,736 |
| 93704 | $377,569 | $1,643 |
| 93725 | $352,848 | Data not available |
| 93726 | $325,764 | $1,429 |
| 93705 | $316,541 | $1,384 |
| 93650 | $298,012 | Data not available |
| 93728 | $297,204 | $1,293 |
| 93703 | $293,838 | $1,419 |
| 93706 | $281,338 | $1,715 |
| 93702 | $250,669 | $1,148 |
| 93701 | $242,017 | $1,039 |
| 93721 | $197,578 | $1,275 |
Most Expensive Neighborhoods
93730 tops the list at $646,264 — 72% above the city median — with rents to match at $2,624/month. 93737 comes in at $516,520, and 93711 follows closely at $509,927 with a typical rent of $2,075. These three ZIPs make up Fresno’s north and northeast side, where newer construction and larger lots command premium prices.
Most Affordable Neighborhoods
93721 is Fresno’s cheapest ZIP at $197,578, just 53% of the citywide median. 93701 sits at $242,017 with the lowest rents in the city at $1,039/month — making it the most budget-friendly option for both buyers and renters. 93702 rounds out the bottom three at $250,669.
Rent vs Buy in Fresno
The rent-versus-buy math in Fresno depends on where you live and how much you put down.
| ZIP Code | Median Home Value | Typical Monthly Rent |
|---|---|---|
| 93730 | $646,264 | $2,624 |
| 93720 | $491,687 | $2,104 |
| 93722 | $395,180 | $2,144 |
| 93704 | $377,569 | $1,643 |
| 93706 | $281,338 | $1,715 |
| 93701 | $242,017 | $1,039 |
Take the city median of $374,905. With 20% down ($74,981), you’d finance about $299,924. At a 7% mortgage rate over 30 years, that’s roughly $1,995/month in principal and interest alone. Add property taxes, insurance, and maintenance, and you’re looking at $2,400-$2,700 all in.
Rents in most of Fresno run between $1,300 and $2,200. That makes renting cheaper on a monthly cash-flow basis in much of the city.
The exception is the high end. In 93730, rent is $2,624/month while a mortgage on the $646,264 median would cost significantly more. In cheaper areas like 93701, the $1,039 rent is roughly half the estimated mortgage payment.
If you plan to stay five or more years and can handle the higher monthly cost, buying lets you build equity in a market that — despite the current dip — has held its value well. Short-term, renting wins on flexibility and cash flow.
Population Growth and Migration
Fresno is the fifth-largest city in California, and it’s still growing.
| Year | Population |
|---|---|
| 2020 | 542,714 |
| 2021 | 543,931 |
| 2022 | 545,874 |
| 2023 | 547,260 |
| 2024 | 550,105 |
The city added 7,391 residents between 2020 and 2024 — a 1.4% gain over four years. That’s steady if unspectacular growth, averaging about 1,848 new residents per year.
How does that compare to the region?
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Bakersfield | 417,468 | 3.0% |
| Sacramento | 535,798 | 1.9% |
| Fresno | 550,105 | 1.4% |
| San Diego | 1,404,452 | 1.4% |
| Stockton | 324,975 | 1.2% |
| Oakland | 443,554 | 0.6% |
Fresno matches San Diego’s growth rate and beats Stockton and Oakland. Bakersfield is growing fastest in the Central Valley at 3.0%, likely driven by its even lower housing costs.
Steady population growth means steady housing demand. Fresno isn’t booming, but it isn’t losing people either — and that floor of demand helps explain why prices have stayed relatively flat rather than dropping sharply.
Fresno Housing Market Trends
Here’s how the average home price in Fresno moved over the past 12 months:
| Month | Average Value | Low | High |
|---|---|---|---|
| Mar 2025 | $376,159 | $207,138 | $650,585 |
| Apr 2025 | $375,746 | $206,234 | $652,170 |
| May 2025 | $375,234 | $204,506 | $652,625 |
| Jun 2025 | $374,065 | $202,315 | $651,385 |
| Jul 2025 | $372,634 | $200,084 | $647,955 |
| Aug 2025 | $371,530 | $199,007 | $644,284 |
| Sep 2025 | $371,449 | $198,936 | $642,299 |
| Oct 2025 | $372,062 | $199,180 | $642,649 |
| Nov 2025 | $372,744 | $198,551 | $644,561 |
| Dec 2025 | $373,483 | $198,030 | $646,377 |
| Jan 2026 | $374,018 | $197,428 | $646,689 |
| Feb 2026 | $374,905 | $197,578 | $646,264 |
The pattern is clear: a slow slide from March through September 2025, then a slow climb back. The September low of $371,449 was only $4,710 below the March high. That’s a swing of barely 1.3% — the kind of seasonal fluctuation you’d expect, not a meaningful downturn.
Notice the floor has dropped more than the ceiling. The cheapest ZIP fell from $207,138 to $197,578 (a 4.6% decline) while the priciest ZIP went from $650,585 to $646,264 (only 0.7% lower). Affordable neighborhoods are losing ground faster than expensive ones.
Is Fresno a Good Place to Buy in 2026?
The data paints a neutral picture. Prices are essentially flat year over year, which means neither buyers nor sellers have a strong advantage right now.
For buyers, the case rests on Fresno’s affordability relative to the rest of California. A $375K median is roughly half of what you’d pay in Sacramento and a fraction of Bay Area prices. If you’re relocating from a more expensive California market, your dollar goes much further here.
The risk is at the bottom end. The cheapest neighborhoods have seen steeper percentage declines than the city average, which could mean either a buying opportunity or a sign of weakening demand in those areas.
For sellers, the flat market means you won’t see big appreciation this year. But you also aren’t facing a downturn — the recovery since September shows the market has a floor.
If you need to buy and plan to hold for several years, Fresno’s stability and affordability make it a reasonable bet. If you’re speculating on short-term gains, the data doesn’t support that.
Fresno Housing Market Outlook for 2026-2027
The five-month upward trend since September 2025 suggests prices are slowly recovering. From the $371,449 low to the current $374,905, the market has gained about $690 per month on average.
If that pace continues through summer 2026, expect the median to land somewhere in the $377,000-$380,000 range by August. That would put Fresno slightly above where it was a year earlier — a return to marginal growth rather than decline.
The narrowing gap between months (smaller gains from January to February than from December to January) hints that the recovery may be losing momentum. Summer seasonality could push prices a bit higher, but a breakout above $380,000 seems unlikely without a shift in mortgage rates or local demand.
The bottom line: expect more of the same. Flat to slightly up, with seasonal noise.
Similar Markets in CA
If you’re shopping in the Central Valley or elsewhere in California, these cities offer useful comparisons:
- Fresno buyers who want even lower prices might look at Bakersfield, where growth is strong at 3.0% and housing costs remain below Fresno’s level.
- Riverside offers another inland California option with a similar cost-of-living profile.
- Long Beach gives you coastal access at a premium over Fresno.
- Los Angeles serves as the benchmark for California pricing — expect to pay significantly more.
- San Diego matches Fresno’s population growth rate but at a much higher price point.
Frequently Asked Questions
What is the average home price in Fresno?
The average home price in Fresno is $374,905 as of February 2026. That’s based on the Zillow Home Value Index, which tracks typical home values in the 35th-65th percentile range. Prices vary widely by ZIP code, from $197,578 in 93721 to $646,264 in 93730.
Are home prices going up or down in Fresno?
Prices are down 0.3% year over year — essentially flat. The market dipped from spring through September 2025, losing about $4,700 from peak to trough, then started climbing back. The current trajectory is slightly upward.
Is it cheaper to rent or buy in Fresno?
Renting is cheaper on a monthly basis in most neighborhoods. A mortgage on the $374,905 median home (20% down, 7% rate) costs roughly $1,995/month before taxes and insurance. Typical rents across Fresno range from $1,039 to $2,624, with most ZIPs falling between $1,300 and $2,200.
What is the most affordable neighborhood in Fresno?
ZIP code 93721 has the lowest median home value at $197,578 — about 47% below the city average. Nearby 93701 is the runner-up at $242,017 and also has the lowest typical rent at $1,039/month.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.