Is Fresno, CA a good place to invest in rental property?

Fresno, CA has a median modeled monthly cash flow of $-847 and a median cap rate of 3.8%, on a median sold price of $400,000. Prices changed -0.8% year over year.

What is the average cap rate in Fresno, CA?

The median cap rate across recently sold homes in Fresno, CA is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Fresno, CA?

The median sold price in Fresno, CA is $400,000 (about $252 per square foot).

Investing in Fresno, CA Real Estate

A data-driven snapshot of the Fresno, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$400,000Median sold price

$252Median $/sqft

3.8%Median cap rate

$-847Modeled cash flow / mo

-0.8%Appreciation YoY

13.2Months of supply

4,368Active listings

3,963Sold (last 12 mo)

What the Fresno numbers say

In Fresno, CA, the median home sold for $400,000 (about $252 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-847 of monthly cash flow. Sold prices moved -0.8% over the past year. Inventory sits at about 13.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 7 fix-and-flip deals in Fresno — listings where the estimated after-repair value beats list price + rehab.

Other California markets to compare

See Fresno cash-flowing listings

CashFlowRE ranks every for-sale home in Fresno, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Fresno deals, or browse the national market data.