Fresno Home Prices & Values

$168,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 14.5% 1-year change
  • 9.1% 1-year forecast

The median home value in Fresno is $168,700. Fresno home values have gone up 14.5% over the past year and Zillow predicts they will rise 9.1% within the next year. The median list price per square foot in Fresno is $124, which is lower than the Fresno Metro average of $130. The median price of homes currently listed in Fresno is $225,000 while the median price of homes that sold is $192,050. The median rent price in Fresno is $725, which is lower than the Fresno Metro median of $750.

Foreclosures will be a factor impacting home values in the next several years. In Fresno 4.5 homes are foreclosed (per 10,000). This is greater than the Fresno Metro value of 4.1 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Fresno is 5.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Fresno homeowners underwater on their mortgage is 29.5%, which is higher than Fresno Metro at 28.7%.

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Relative ZHVI
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Fresno Market Overview

Data through Jun 30, 2014
  • $168,700 ZHVI
  • 9.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $225,000 Median listing price
  • $192,050 Median sale price
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Fresno Market Health

Data through Jun 30, 2014
  • 6.9/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 29.5% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

4.5 homes Fresno
4.1 homes Fresno Metro
4.3 homes United States
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Neighborhoods in Fresno

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Woodward Park $288,700 Bullard $226,900 Hoover $165,200
West $161,600 Mclane $136,900 Roosevelt $130,400
Fresno High Roeding $127,300 Edison $90,200 Central $86,100

Listings & Sales

Data through Jun 30, 2014
  • $124 Median list price / sq ft
  • $120 Median sale price / sq ft
  • 31.1% Listings with price cut
16.9%
Sold below listing
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Fresno Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,163 Fresno
$1,175 Fresno Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $725 Rent list price
  • $0.81 Rent list price / sq ft
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