Real Estate Investing in Fresno, California (93701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93701 (Fresno, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 32.7% poverty rate — can affect rent collection.
- Lower household income: $30,211 median — tenant affordability is tighter.
What’s happening in Fresno, CA (93701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93701 Fresno
Not every below-median market is a bargain. Fresno's 93701 ZIP stands at signals that favor experienced operators who can absorb the risk $242K pricing implies.
Rent of $1,238/mo on a $242K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 93701 sits below the stated 0.0% once reality is priced in.
ZIP 93701's metrics run below Fresno County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A healthy renter share of 89% in 93701 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Fresno:
Property Strategy for 93701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $216,989 | $1,360 | 4.5% | +6.8% | $108,495 |
| 3BR | $258,263 | $1,900 | 5.3% | +6.6% | $86,088 |
| 4BR | $294,449 | $2,180 | 5.3% | +7.7% | $73,612 |
| 5BR | $334,160 | — | — | +7.6% | $66,832 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93701 Compare?
| Metric | 93701 | Fresno | Fresno, CA | California |
|---|---|---|---|---|
| Home Value | $242,361 | $133,240 | N/A | $761,003 |
| 5-Year CAGR | 3.2% | 3.7% | N/A | 5.7% |
| Avg Rent | $1,238 | $1,823 | N/A | - |
| Cap Rate | 4.0% | 3.8% | - | - |
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 93701 (Fresno, CA). Anonymous, moderated, never written by AI.
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Property managers serving Fresno County
Manage rentals here? List your business →CenCal PM provides property management services for apartments, single-family homes, and commercial properties in Fresno. summary from their website
Real Property Management Platinum provides property management services in Fresno, CA. summary from their website
Regency Property Management offers property and HOA management services in Fresno, CA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $242,361 |
| Monthly Rent | $1,238 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 Rent Trends
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 93701
Population: 10,258
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 93701
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fresno County Special Education
Lane Elementary
Miguel Hidalgo Elementary
Susan B. Anthony Elementary
Phillip J Patino School of Entrepreneurship
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 13,063 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Fresno, CA?
Fresno, CA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($242K prices, $1,238/mo rents) make it a reasonable choice.
How strong is tenant demand in Fresno, CA?
Expect a solid tenant pool in Fresno, CA. The rental market absorbs $1,238/mo rents without meaningful friction.
What monthly rent should investors expect in Fresno, CA?
Rents in Fresno, CA run near $1,238/mo. Compared with median home prices of $242K that produces solid gross yields for typical rentals.
How landlord-friendly is Fresno, CA?
CA law tenant-protective for landlords, and Fresno inherits those rules. Investors should still review local ordinances for rental licensing.
Is real estate in Fresno, CA a good investment right now?
Our data puts Fresno, CA at 3.0/5 for investability. Home prices of $242K and rents around $1,238/mo create a solid backdrop for investor activity.
You know 93701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93701 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93701 ranks in Fresno, CA
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