The typical owner-occupied home in Fresno is worth about $243,500, 14% below the Texas median of $283,800 and 27% below the national median of $332,700. Owners pay a median $3,815 a year in property taxes, about 1.57% of their home's value, higher than the Texas rate of 1.49%. The median household earns $91,264 a year, so the median home costs 2.7 times the median income (3.6 times for Texas). 79% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Fresno at a glance
| Fresno | Texas | U.S. | |
|---|---|---|---|
| Median home value | $243,500 | $283,800 | $332,700 |
| Median property tax paid per year | $3,815 | $4,232 | $3,119 |
| Property tax as a share of value | 1.57% | 1.49% | 0.94% |
| Median household income | $91,264 | $78,476 | $80,734 |
| Homes lived in by their owners | 79% | 63% | 65% |
| Owner homes with a mortgage | 73% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,103 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 19.8% | 21.7% | 21.0% |
| Median rent | $2,028 | $1,403 | $1,413 |
| Rent as a share of renters' income | 30.6% | 30.9% | 30.6% |
| Median year homes were built | 2006 | 1992 | 1980 |
| Vacant homes | 7.1% | 9.4% | 10.1% |
| Population | 24,560 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Fresno
At this week's average 30-year rate of 7.11%, buying the median Fresno home of $243,500 with 20% down costs about $1,730 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,136, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $74,163 for the 20%-down payment. That payment is 23% of the median Fresno household income of $91,264; at that income and 20% down, the 28% guideline points to a home of about $300,000.
The median rent here is $2,028 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $48,700 |
|---|---|
| Loan amount | $194,800 |
| Principal and interest | $1,310 |
| Property taxes (1.57% a year) | $319 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,730 |
Change the numbers in the calculator
| Down payment | $8,522 |
|---|---|
| Loan amount | $239,090 |
| Principal and interest | $1,608 |
| Property taxes (1.57% a year) | $319 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $108 |
| Total per month | $2,136 |
Change the numbers in the calculator
Questions about home buying in Fresno
What is the median home value in Fresno?
About $243,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fresno?
Homeowners pay a median $3,815 a year, which is about 1.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Fresno?
For the median home with 20% down at 7.11%, the payment is about $1,730 a month. Keeping that under 28% of gross income takes about $74,163 a year.
More about Fresno
- Mortgage Refinance in Fresno
- Debt Relief in Fresno
- Home Equity Loans in Fresno
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data