Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fresno, California.
Median Home Price
$375K
Population
542K
Avg Monthly Rent
$1,380
Property Tax Rate
0.73% *
* Property tax shown is the California state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Fresno.
Fresno vs California Median
The median home price in Fresno is $375,000, which is 52% below the California state median of $785,000.
Mortgage Calculator — Fresno, CA
Pre-filled with Fresno median home price and California tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $375K home using California's 0.73% tax rate and $2,200/yr insurance.
5% Down
$2,871/mo
Down: $18,750
Loan: $356K
P&I: $2,252
Tax: $228
Insurance: $183
PMI: $208
10% Down
$2,742/mo
Down: $37,500
Loan: $338K
P&I: $2,133
Tax: $228
Insurance: $183
PMI: $197
20% Down (No PMI)
$2,308/mo
Down: $75,000
Loan: $300K
P&I: $1,896
Tax: $228
Insurance: $183
Income needed (28% rule): $99K/year with 20% down, $118K/year with 10% down.
Rent vs Buy in Fresno
Rent
$1,380/mo
vs
Buy (10% down)
$2,742/mo
Price-to-rent ratio: 22.6 — At a ratio above 20, renting may be more economical in Fresno for shorter stays. Buying costs $1,362 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Fresno is $375,000, 52% below the California state median of $785,000. With a population of 542,107, Fresno is a major metro area where home prices tend to be more accessible than in many parts of California.
Property taxes in California average 0.73% annually. This moderate property tax rate means a $375,000 home in Fresno would carry roughly $228/month in property taxes. Homeowners insurance in California runs approximately $2,200 per year. This is within the normal range nationally.
Average rent in Fresno is $1,380/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fresno presents moderate affordability. The $375K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Fresno.