Real Estate Investing in Fresno, California (93720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93720 (Fresno, CA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Fresno, CA (93720)?
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Market Analysis: 93720 Fresno
Investors eyeing 93720 need to respect the fundamentals at play. Home values of $496K come alongside slower price movement and elevated management overhead.
The 93720 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 93720 and stronger Fresno ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 93720 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 93720, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Fresno:
Property Strategy for 93720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $294,924 | $2,470 | 6.0% | +6.5% | $147,462 |
| 3BR | $460,059 | $3,430 | 5.4% | +5.9% | $153,353 |
| 4BR | $571,938 | $3,950 | 5.0% | +6.3% | $142,984 |
| 5BR | $686,392 | — | — | +6.8% | $137,278 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93720 Compare?
| Metric | 93720 | Fresno | Fresno, CA | California |
|---|---|---|---|---|
| Home Value | $496,386 | $133,240 | N/A | $761,003 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 5.7% |
| Avg Rent | $2,190 | $1,823 | N/A | - |
| Cap Rate | 3.4% | 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 93720 (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 | $496,386 |
| Monthly Rent | $2,190 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 93720
Population: 49,463
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 93720
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 7,213 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Fresno, CA make sense for an investment property?
Fresno, CA sits at an investability rating of 3.0/5, with median home values near $496K and average rents around $2,190/mo. That combination puts it in the sturdy tier for investor interest.
How much do tenants pay in Fresno, CA?
Investors in Fresno, CA typically see rents near $2,190/mo per month against $496K home values - a solid setup for rental cash flow.
How expensive is real estate in Fresno, CA?
In Fresno, CA the median home value sits at $496K. Against the broader CA market, that reads as reasonable for most investors.
How strong is tenant demand in Fresno, CA?
Expect a solid tenant pool in Fresno, CA. The rental market absorbs $2,190/mo rents without meaningful friction.
Should investors worry about vacancy in Fresno, CA?
Fresno, CA carries elevated vacancy risk. Expect consistent absorption at market rents of $2,190/mo.
You know 93720 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93720 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 93720 ranks in Fresno, CA
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