Rental market data · 2024 Census estimates

Fresno, CA rental yield and cash flow

In the Fresno, CA metro, the median owner-occupied home was valued at $416,200 and the median gross rent was $1,513 a month in 2024. That is a gross rent yield of 4.36%, rank 69 of the 100 largest metros we track.

$416,200Median home value (±$8,754)

$1,513Median gross rent / mo (±$48)

4.36%Gross rent yield

22.9Price-to-rent ratio

0.74%Median taxes ÷ median value

42%Renter-occupied homes

0.36%Monthly rent ÷ price (1% rule)

1.19MMetro population

Does the median home cash flow at today's rate?

We priced a hypothetical rental at the metro medians: $416,200 purchase, $1,513 rent, 25% down, a 30-year loan at 7.28% (Freddie Mac's 30-year average for the week of October 1, 2026), $3,075 in annual property taxes, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management.

At these assumptions the median-priced home runs about $1,400 a month short of covering its costs (DSCR 0.34). Rent would need to reach about $3,332, 120% above the median, to break even, or the price would need to be near $133,032 for a 1.25 DSCR. Net operating income is about $8,824 a year, a 2.12% cap rate, against $25,629 of annual debt service.

Investment-property loans usually price above the owner-occupant average this survey reports, and your insurance quote, tax bill and rent will differ from a metro median. Change any input below.

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How Fresno compares

Metros with the nearest gross yields among the 100 we track. * Cash flow uses the same assumptions as above.

Rank	Metro	Median value	Median rent	Gross yield	Price-to-rent	Cash flow / mo*
66	Minneapolis, MN-WI	$384,300	$1,444	4.51%	22.2	-$1,363
67	Tucson, AZ	$349,500	$1,300	4.46%	22.4	-$1,128
68	Austin, TX	$482,800	$1,784	4.43%	22.6	-$1,880
69	Fresno, CA	$416,200	$1,513	4.36%	22.9	-$1,400
70	Nashville, TN	$449,300	$1,627	4.35%	23.0	-$1,418
71	Durham, NC	$441,300	$1,598	4.35%	23.0	-$1,483
72	Colorado Springs, CO	$487,900	$1,761	4.33%	23.1	-$1,523

What these numbers leave out

Census gross rent includes utilities when the tenant pays them, so it can overstate what a landlord collects. Median value describes owner-occupied homes, not the rental stock, and a metro median hides wide neighborhood differences. Treat this page as a screen, then underwrite the specific property.

Sources

U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)

Data snapshot October 7, 2026. Methodology: all metros.