Fresno County Real Estate

Fresno County, located in California’s Central Valley, is known for its agricultural production and proximity to major cities like San Francisco and Los Angeles. With a population of over 1 million, Fresno County offers a diverse real estate market, from expansive farmland to suburban homes and urban properties. The county is a key agricultural hub in California, making it an attractive area for both agricultural investors and homebuyers seeking affordable housing.

Fresno County Real Estate Market Metrics

  • Median Home Value: $330,000 (+7.9% YoY)
  • Median Sale Price: $320,000 (+7.4% YoY)
  • Average Days on Market: 50 days, showing healthy market activity.
  • Sale-to-List Price Ratio: 98.4%, indicating strong buyer demand.
  • Rental Prices: Median rent for a 3-bedroom home is $1,850.

Key Real Estate Zones in Fresno County

Fresno County features a variety of property types, with a balance of urban, suburban, and agricultural properties:

  • Residential Areas: Includes suburban communities like Clovis and Fresno, offering single-family homes, townhomes, and apartments. Rural residential properties are common in areas like Sanger and Selma.
  • Commercial Properties: Fresno and Clovis are the primary commercial hubs, with office spaces, retail centers, and mixed-use developments.
  • Agricultural Land: Known for its fertile farmland, Fresno County is a major producer of crops such as almonds, grapes, and cotton, making agricultural land a popular investment.
  • Industrial Zones: Fresno’s location along major transportation routes supports a strong industrial sector, with many logistics, manufacturing, and agricultural processing facilities.

Taxes and Costs in Fresno County

  • Property Tax Rate: Approximately 1.1% of the assessed value.
  • Transfer Tax: Standard rate of $1.10 per $1,000 of property value.
  • Closing Costs: Typically range between 2-5% of the sale price, depending on the complexity of the transaction.

Fresno County Rental Market Overview

  • Vacancy Rate: 5.5%, indicating steady demand for rental properties in both urban and suburban areas.
  • Rental Yield: Moderate returns, driven by demand in Fresno, Clovis, and rural areas with agricultural workers.
  • Key Rental Areas:
    • Fresno: The county’s largest city, offering a variety of rental properties, including apartments, single-family homes, and multi-family units.
    • Clovis: Known for its family-friendly neighborhoods and strong rental demand.
    • Selma and Sanger: Rural areas with more affordable rental options, attracting families and agricultural workers.

Top Cities and Neighborhoods in Fresno County

  • Fresno: The largest city in the county, offering a wide range of real estate options from affordable homes to commercial spaces and rental properties.
  • Clovis: A suburban community with excellent schools and amenities, making it one of the most desirable areas for families.
  • Selma: Known for its agricultural properties, Selma offers affordable housing in a small-town setting.
  • Sanger: A smaller town offering affordable properties with access to outdoor recreation and agricultural employment.

Lifestyle and Attractions in Fresno County

  • Sequoia National Park: Located to the east, offering hiking, camping, and scenic views of the largest trees in the world.
  • Fresno Chaffee Zoo: One of the area’s most visited attractions, located in Roeding Park.
  • Shinzen Friendship Garden: A beautiful Japanese garden located in Woodward Park, perfect for outdoor activities.
  • Table Mountain: A prominent peak that offers hiking, sightseeing, and recreational activities.
  • Agriculture and Vineyards: Fresno County’s vineyards are growing in popularity, making it an attractive area for wine enthusiasts.

Future Real Estate Developments in Fresno County

  • Residential Growth: With ongoing population growth, Fresno County continues to see new housing developments in both urban and suburban areas.
  • Commercial Development: Continued growth in the commercial sector, especially in downtown Fresno and Clovis, as demand for office, retail, and mixed-use spaces increases.
  • Agricultural Land Investments: With the county’s fertile land, agricultural land remains a strong investment, with opportunities for organic farming, vineyards, and other crops.
  • Infrastructure Projects: New public infrastructure projects, including transportation improvements and utility upgrades, will support further development in the county.

Tools and Resources for Real Estate Investors

  • Interactive Map: Explore residential, commercial, and agricultural properties across Fresno County.
  • Rental ROI Calculator: Assess the profitability of rental properties in key areas like Fresno, Clovis, and Selma.
  • Zoning and Land Use Guidelines: Access zoning information and land use policies to guide your investment decisions in Fresno County.

Sources:

wpChatIcon
wpChatIcon
Scroll to Top