Department of Numbers

Fresno California Residential Rent and Rental Statistics

The median monthly gross residential rent in Fresno, CA (the Fresno metro area) was $930 in 2016 according to the Census ACS survey.1 Average gross rent in Fresno was $959 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Fresno median and average rent data will be released in September of 2018.

Data is also available below for Fresno rental vacancy rates, Fresno rent as a percent of median income and the fraction of renters in Fresno.

Show dollars as: Nominal Real

Real Gross Rent in Fresno California (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
California Median Gross Rent $1,375 +3.54% +11.70%
Fresno, CA Median Gross Rent $930 +2.31% +7.64%

Fresno, CA Real Gross Rent Trends

At $930, real median gross rent in Fresno was at its highest level in 2016 since the series began in 2005. At $959, real average gross rent in Fresno was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Fresno: Fresno CA Median, Fresno CA Average, California Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Fresno

Date US
Median
California
Median
Fresno, CA
Median
Fresno, CA
Average
2016 $981 $1,375 $930 $959
2015 $972 $1,328 $909 $936
2014 $942 $1,278 $898 $925
2013 $910 $1,231 $864 $899
2012 $898 $1,219 $872 $903
2011 $898 $1,211 $884 $897
2010 $912 $1,241 $880 $910
2009 $916 $1,257 $903 $935
2008 $932 $1,284 $901 $951
2007 $885 $1,210 $885 $904
2006 $895 $1,207 $865 $863
2005 $869 $1,162 $848 $849

Fresno Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Fresno California was 3.37% according to Census ACS data.

Rental Vacancy Rate in Fresno California

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
California 3.31% -0.02% -0.91%
Fresno, CA 3.37% +0.16% -1.72%

Trends in Fresno, CA Rental Vacancy Rate

The rental vacancy rate in Fresno peaked in 2010 at 7.59%. Since then it has fallen by 4.22% to 3.37%. Data records for this series originated in 2005. From a 2015 post peak low of 3.21%, the rental vacancy rate has increased by 0.16%.

Rental Vacancy Rate: Fresno CA, California, US

Rental vacancy rate in California

Historical Rental Vacancy Rate data for Fresno

Date US California Fresno, CA
2016 5.89% 3.31% 3.37%
2015 5.85% 3.33% 3.21%
2014 6.32% 3.90% 5.01%
2013 6.49% 4.22% 5.09%
2012 6.77% 4.51% 7.05%
2011 7.40% 4.94% 6.70%
2010 8.17% 5.86% 7.59%
2009 8.43% 5.76% 6.96%
2008 7.86% 4.71% 4.06%
2007 7.87% 4.72% 4.32%
2006 7.70% 4.67% 5.40%
2005 7.74% 4.61% 5.14%

Rent as a Fraction of Income

Using median household income data for Fresno, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Fresno, median monthly gross rent as a fraction of median household income was 22.91% in 2016 according to the ACS.

Fresno California Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
California 24.36% -0.03% -0.04%
Fresno, CA 22.91% -0.02% -0.56%

Trends in Fresno, CA Rent as a Fraction of Income

The fraction of median Fresno household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 24.73%. Since then it has fallen by 1.83% to 22.91%.

Fraction of Income towards Rent: Fresno CA, California, US

Percent of median household income going towards median monthly gross rent in Fresno California

Historical Data for Annual Rent as a Fraction of Income in Fresno California

Date US California Fresno, CA
2016 20.43% 24.36% 22.91%
2015 20.63% 24.39% 22.93%
2014 20.89% 24.57% 24.62%
2013 20.78% 24.40% 23.47%
2012 20.65% 24.69% 24.73%
2011 20.70% 24.59% 24.02%
2010 20.50% 24.18% 21.89%
2009 20.12% 23.52% 21.81%
2008 19.00% 22.32% 21.87%
2007 18.66% 21.58% 20.02%
2006 18.90% 21.80% 20.72%
2005 18.89% 21.77% 20.33%

Renter Fraction in Fresno California

You can calculate the renter fraction in Fresno in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Fresno as a fraction of total Fresno households. In 2016 47.09% of households were renters according to Census ACS data.

Fresno Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
California 46.36% -0.05% +0.15%
Fresno, CA 47.09% -0.83% -0.86%

Trends in the Fresno, CA Renter Fraction

The Fresno household renter fraction peaked in in 2014 at 48.76% and is now 1.67% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Fresno CA, California, US

Fraction of renters in Fresno

History of Fresno Renter Fraction

Date US California Fresno, CA
2016 36.88% 46.36% 47.09%
2015 36.97% 46.41% 47.92%
2014 36.90% 46.27% 48.76%
2013 36.50% 46.21% 47.95%
2012 36.09% 45.97% 48.56%
2011 35.42% 45.12% 45.64%
2010 34.65% 44.36% 45.81%
2009 34.13% 43.43% 45.70%
2008 33.36% 42.95% 46.30%
2007 32.80% 42.00% 44.02%
2006 32.73% 41.55% 45.05%
2005 33.10% 41.56% 42.44%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.