Real Estate Investing in Fresno, California (93728)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93728 (Fresno, 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 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.
- Higher unemployment: 7.3% unemployment — tenant risk signal.
What’s happening in Fresno, CA (93728)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93728 Fresno
The 93728 ZIP covers a section of Fresno that demands careful diligence. Prices near $303K look accessible, but the work to make a deal cash flow is real.
The investment case in 93728 is healthy only for operators who understand what they are buying. A $303K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader CA picture, 93728 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 93728 includes headwinds that any investor should price in. Income distribution skews lower than Fresno averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 93728, 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 93728
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $270,407 | $1,610 | 4.3% | +7.6% | $135,204 |
| 3BR | $312,855 | $2,240 | 5.2% | +7.1% | $104,285 |
| 4BR | $360,213 | $2,570 | 5.1% | +6.4% | $90,053 |
| 5BR | $431,181 | — | — | +6.4% | $86,236 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93728 Compare?
| Metric | 93728 | Fresno | Fresno, CA | California |
|---|---|---|---|---|
| Home Value | $303,094 | $133,240 | N/A | $761,003 |
| 5-Year CAGR | 4.3% | 3.7% | N/A | 5.7% |
| Avg Rent | $1,398 | $1,823 | N/A | - |
| Cap Rate | 3.6% | 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 93728 (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 | $303,094 |
| Monthly Rent | $1,398 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 93728
Population: 18,077
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 93728
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fresno County Special Education
Jefferson Elementary
Tehipite Middle
Webster Elementary
Akira Yokomi Elementary
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 7,787 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Fresno, CA?
In Fresno, CA the median home value sits at $303K. Against the broader CA market, that reads as reasonable for most investors.
Is the tenant base reliable in Fresno, CA?
Tenant demand in Fresno, CA is solid. The local workforce $1,398/mo rents across most rental classes.
Is Fresno, CA a good market for buy-and-hold investors?
Investors tracking Fresno, CA will find a 3.0/5 rating supported by $303K median home values and $1,398/mo rents. That profile suits long-term holders targeting even-keeled returns.
How much is rent in Fresno, CA?
Fresno, CA rentals go for roughly $1,398/mo a month. That puts gross yield in solid territory relative to $303K acquisition costs.
How strict are landlord regulations in Fresno, CA?
Fresno, CA operates under CA law, which is tenant-protective overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 93728 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93728 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 93728 ranks in Fresno, CA
Every ZIP in this metro, ranked. Free.
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