Total monthly cost of ownership
Cost to Own a Home in Fresno, California
A $349,000 home here costs
$2,731per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $117,000 a year.
A standard mortgage calculator would have told you $1,933. The real number is $798 higher every month, 41% more than the payment most buyers budget for.
Compare Fresno County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Fresno against Fresno County and California
| Measure | Fresno | Fresno County |
|---|---|---|
| Median home value | $348,500 | $362,600 |
| Median property tax | $2,586 | $2,704 |
| Effective tax rate | 0.742% | 0.746% |
| Median gross rent | $1,324 | $1,300 |
| Population | 543,615 | 1,012,152 |
The weather behind that power bill
Fresno sits in Fresno County, which averages a high of 97.7°F in its hottest month and a low of 39.8°F in its coldest, with 10.99" of precipitation a year and 55% of it in a single three-month stretch. That climate drives 2,209 cooling and 2,187 heating degree days, which is what sets the $169 electricity line above.
See the full climate breakdown for Fresno County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fresno County
Full Fresno County cost breakdown · Every county in California
Talk to someone who works this market
These are Fresno averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Fresno every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Fresno I already own here and may sell
Common questions
How much does it cost to own a home in Fresno?
A $349,000 home in Fresno, California costs approximately $2,731 per month with 20% down at 7.4%. That is $1,933 principal and interest, $216 property tax, $54 homeowners insurance, $237 utilities and $291 set aside for maintenance.
What is the property tax rate in Fresno?
Fresno has an effective property tax rate of 0.742%, based on a median home value of $348,500 and median real estate taxes of $2,586. That is in line with the Fresno County average of 0.746%.
What is the average home price in Fresno?
The median owner-occupied home value in Fresno, California is $348,500, against $362,600 across Fresno County.
Is it cheaper to rent or buy in Fresno?
Median gross rent in Fresno is $1,324 a month, against $2,731 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Fresno?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Fresno, California at today's rate takes a household income of roughly $117,000 a year. That covers the full $2,731 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Fresno, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for California.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.