Real Estate Investing in Lemoore, California (93245)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93245 (Lemoore, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Lemoore, CA (93245)?
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Market Analysis: 93245 Lemoore
This part of Kings County is not an easy win. The 93245 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
In practical terms, the numbers look inviting — $388K purchase price, 0.0% nominal cap — the work to hit that pro forma in 93245 is substantial and deserves full respect.
Nearby ZIPs in Lemoore have seen price recovery that 93245 has not matched. Kings County data supports the view that the spread is structural rather than temporary.
Turning to rents, 37,443 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 93245 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Lemoore:
Property Strategy for 93245
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,298 | $1,790 | 4.8% | +6.6% | $134,149 |
| 3BR | $356,093 | $2,490 | 5.0% | +6.6% | $118,698 |
| 4BR | $407,444 | $2,990 | 5.3% | +5.9% | $101,861 |
| 5BR | $477,041 | — | — | +5.6% | $95,408 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93245 Compare?
| Metric | 93245 | Lemoore | Hanford-Corcoran, CA | California |
|---|---|---|---|---|
| Home Value | $388,227 | $194,114 | N/A | $761,003 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 5.7% |
| Avg Rent | $2,068 | $2,068 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93245 (Lemoore, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,227 |
| Monthly Rent | $2,068 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93245
Population: 37,443
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93245
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,778 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Lemoore in CA worth investing in?
Lemoore, CA scores 3.0/5 for investability. Home values sit at $388K and rents near $2,068/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How quickly do rentals get leased in Lemoore, CA?
Vacancy in Lemoore, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,068/mo.
What kind of tenants rent in Lemoore, CA?
The renter base in Lemoore, CA is reasonable for the $2,068/mo price point. Screening well and pricing to market typically yields steady tenants.
Is Lemoore, CA a friendly market for rental owners?
Lemoore, CA operates under CA law, which is tenant-protective overall for landlords. Expect consistent treatment in typical lease and eviction cases.
How much rent can I charge in Lemoore, CA?
Average rent in Lemoore, CA is approximately $2,068/mo per month. Against $388K home values that yields a reasonable rent-to-price ratio.
You know 93245 now. You don’t know where it ranks.
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How 93245 ranks in Hanford-Corcoran, CA
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