Fresno, CA Average Rent, Rental Yield & SFR Underwriting
Screen Fresno, CA with current asking rent, gross rental yield, rent-to-price, and gross rent multiplier benchmarks. Then model property-level cash flow, cap rate, and DSCR rent requirements with your own assumptions.
Average rent in Fresno, CA
The median asking rent in Fresno, CA is $2,400 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $427,984, that rent level prices Fresno, CA at a 6.82% gross rental yield — compared with 5.50% across California.
Fresno, CA rental investment benchmarks
These ratios turn the current median asking rent and average home value into a fast acquisition screen. They are market benchmarks, not the expected return for a specific property.
Published gross yield (6.82%) is the median of estimated listing-level yields. Rent-to-value and GRM below use the headline metro rent and value, so the figures may not algebraically match.
Price ceilings equal annualized median asking rent divided by the target gross yield. They exclude vacancy, taxes, insurance, repairs, management, financing, closing costs, and rehab.
Median asking rent, average home value, and published gross rental yield from the current metro dataset.
Rent-to-value ratio, GRM, and target gross-yield price ceilings calculated from the observed headline rent and value.
Cash flow, cap rate, cash-on-cash return, and DSCR rent screens using editable property, expense, and financing assumptions.
Fresno, CA rental property cash flow calculator
Start with the market's reported average home value and median asking rent, then replace them with a property's actual price, rent, financing, and expenses. The starting rent and value are observed market benchmarks updated Jul 1, 2026; every other input below is an editable assumption.
Property and loan assumptions
The interest rate starts with the reported 30-year market rate when available. Investor and DSCR loan pricing may be higher.
Operating assumptions
Illustrative underwriting results
Modeled from the inputs at left. These are not observed metro returns, a local tax or insurance quote, an appraisal, or loan eligibility.
Updated results: monthly cash flow -$846, modeled cap rate 3.62%, and rent-to-PITIA coverage 0.88 times.
Monthly rent required by coverage target
This residential lender-style rent/PITIA screen is not the commercial NOI/debt-service DSCR formula. Lender definitions, qualifying rents, and minimum coverage requirements vary.
This conservative model deducts the Repairs + CapEx reserve before calculating modeled NOI and cap rate. Lenders and appraisers may treat capital expenditures separately.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Fresno, CA rent and rental yield comparison
The current Fresno, CA baseline is $2,400 median asking rent and 6.82% gross rental yield. Compare rent, yield, and home values with selected California metros, then open a public report or Rental Insights for property-level follow-up.
Los Angeles-Long Beach-Anaheim, CA
Los Angeles-Long Beach-Anaheim, CA median asking rent is $4,445, $2,045 (85.2%) higher than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $4,445
- Gross yield
- 4.91%
- Avg home value
- $1,196,493
Riverside-San Bernardino-Ontario, CA
Riverside-San Bernardino-Ontario, CA median asking rent is $3,100, $700 (29.2%) higher than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $3,100
- Gross yield
- 6.44%
- Avg home value
- $584,615
San Francisco-Oakland-Fremont, CA
San Francisco-Oakland-Fremont, CA median asking rent is $4,100, $1,700 (70.8%) higher than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $4,100
- Gross yield
- 4.53%
- Avg home value
- $1,242,751
San Diego-Chula Vista-Carlsbad, CA
San Diego-Chula Vista-Carlsbad, CA median asking rent is $4,200, $1,800 (75%) higher than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $4,200
- Gross yield
- 5.23%
- Avg home value
- $976,975
Clearlake, CA
Clearlake, CA median asking rent is $1,998, $402 (16.8%) lower than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $1,998
- Gross yield
- 8.13%
- Avg home value
- $1,278,594
Red Bluff, CA
Red Bluff, CA median asking rent is $1,750, $650 (27.1%) lower than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $1,750
- Gross yield
- 8.01%
- Avg home value
- $336,955
Susanville, CA
Susanville, CA median asking rent is $1,500, $900 (37.5%) lower than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $1,500
- Gross yield
- 10.34%
- Avg home value
- $1,270,317
Crescent City, CA
Crescent City, CA median asking rent is $2,000, $400 (16.7%) lower than the $2,400 median asking rent in Fresno, CA.
- Median rent
- $2,000
- Gross yield
- 7.85%
- Avg home value
- $1,303,035
Fresno, CA rental investing FAQ
Quick answers based on the latest Fresno, CA rental listing and market data.
What is the average rent in Fresno, CA?
As of July 2026, the median asking rent in Fresno, CA is $2,400. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Fresno, CA?
Fresno, CA currently prices at a 6.82% gross rental yield, versus 5.50% across California. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
What is the rent-to-price ratio in Fresno, CA?
Using the current median asking rent and average home value, Fresno, CA has a 0.56% monthly rent-to-value ratio and a 14.9x gross rent multiplier. These are market-level screening ratios, not property-level return estimates.
What cap rate can a rental property in Fresno, CA produce?
Cap rate depends on a property's price and net operating income after vacancy, taxes, insurance, management, repairs, and other operating costs. Use the calculator above with property-specific assumptions; the published gross yield is not a cap rate because it does not deduct expenses.
How much rent is needed for a DSCR loan in Fresno, CA?
The rent required depends on the property's principal, interest, taxes, insurance, and the lender's coverage threshold. The calculator above shows gross monthly rent at 1.00x, 1.20x, and 1.25x modeled PITIA. Lender definitions, qualifying rents, and minimum DSCR requirements vary.
Move from Fresno, CA market context to property-level screening
Open Rental Insights with Fresno, CA selected, then pair the yield signal with investor activity and rental data workflows.