Home Affordability in Fresno, CA
The median home price in Fresno is $365,000 with a median household income of $53,020. Housing is significantly stretched relative to local incomes.
Median Home Price
$365,000
Median Income
$53,020
Price-to-Income Ratio
6.9x
Est. Affordable Home
$206,000
Property Tax Rate
0.74%
Annual Property Tax
$2,701
Sales Tax Rate
8.97%
Cost of Living Index
102
Buying a Home in Fresno
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $53,020 in Fresno can afford a monthly housing payment of approximately $1,237. This translates to a home price of roughly $206,000, which is below the median home price of $365,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Fresno would be approximately $2,701 per year ($225/month) at the effective rate of 0.74%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $10,950 | $354,050 | Yes |
| 5% | $18,250 | $346,750 | Yes |
| 10% | $36,500 | $328,500 | Yes |
| 20% | $73,000 | $292,000 | No |
Use Our Home Affordability Calculator
Get a personalized estimate based on your income, debts, down payment, and credit score.
Calculate Now