Fresno city, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Fresno city, California rental market.
Fresno city, California
Average Apartment Rent
$1,131
Y-o-Y Change in Apartment Rent
6.9%
Compared to a year ago, Fresno city, California apartments have recorded a 6.9% rent increase.
Fresno city, California |Median apartment rent trend
Fresno city, California| Average apartment rent by city
Fresno city, California | Apartment rent ranges
At 50.19%, apartments priced $1,000 - $1,500 represent the bulk of Fresno city, California rentals, while condos priced under $500 hold the lowest share of the market – 0.11%.
Fresno city, California | Housing tenure
Renters take up 54% of Fresno city, California real estate, occupying a total of 89,431 units, while homeowners live in 77,327 properties.
Median number of rooms of renter-occupied housing units
4.2
Renter Median household income
$30,861
Average household size of renter occupied-housing units
3.05
Rental vacancy rate
4.1%
Fresno city, California | Renter-occupied housing units by no. of bedrooms
There are 37,827 rentals in Fresno city, California with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 887 units. Overall, the median number of rooms in Fresno city, California homes for rent is 4.2.
Fresno city, California |Renter-occupied units by age of householder
Most condos for rent in Fresno city, California are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Fresno city, California | Renter-occupied housing units by family type
Fresno city, California | Renter-occupied housing units by the presence of own children
A total of 56,367 apartments for rent in Fresno city, California, or 63% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 39,670 units. All in all, the median size of a renter-occupied household in Fresno city, California is 3.05.
Fresno city, California | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 24% of the homes for rent in Fresno city, California.
Fresno city, California | Renter-occupied units by year structure built
The highest share of Fresno city, California apartment rentals, namely 21% or 18,644 units, were built 1970 - 1979, followed by those built 1980 - 1989 (17%, 14,978 units), and the ones built 1990 - 1999 (14%, 12,534 units).
Fresno city, California | Renter-occupied units by year householder moved in
Median year renter moved into unit2013
Most Fresno city, California renters (46%) moved in 2010 to 2014, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Fresno city, California condos for rent is 2013.
Fresno city, California | Renter-occupied housing units by vehicles available
When it comes to transportation options, 45% of Fresno city, California renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 18% have no vehicle available.
Fresno city, California | Means of transportation to work of householders living in renter-occupied housing units
Fresno city, California |Geographical mobility in the past year for householders living in renter-occupies housing units
Fresno city, California | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Fresno city, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
