Fresno, CA

Population: 509,924
Average annual home appreciation rate: 5.78%
Total of homes for sale in this market: 1,053
Median home price: $220,717
Median Rent: $1,061 per room
Home price range: 38.56% of homes are between $123,001 – $245,000
Median sales price: $203,500
Number of homes: 1,185
Median foreclosure sales price: $141,500
Foreclosure discount: 30%
Most common home type: 60.38% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.00%
Number of renters: 52.88%
Number of owner occupied: 47.12%
Number people living below poverty level: 28.92%
Unemployment rate: 10.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Fresno area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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