Fresno, TX — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Fresno, TX offers a 7.5% cap rate with median home prices of $281,124 and 3-bedroom rents of $2,630/month.
Fresno offers solid returns for rental investors. Median home price sits at $281,124 — moderate by national standards, requiring a solid down payment but not out of reach. With 3-bedroom rents around $2,630/month, the 7.5% cap rate tells the story. Expect around +$262/month cash flow after mortgage, taxes, insurance, and reserves.
The 1% rule comes in at 0.94% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.18 is tight — you'll pass most lender minimums but with little margin for error.
Bottom line: Buy here if you want reliable monthly income. Fresno is a cash flow market — don't expect rapid appreciation, but the checks come in every month.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
7.5%
Above average
Monthly Cash Flow
+$262
After all expenses
Price-to-Rent
8.9
Investor-friendly
DSCR
1.18
Tight
Key Metrics
- Median Home Price
- $281,124
- Average Rent (3BR)
- $2,630/mo
- Price-to-Rent Ratio
- 8.9(good)
- 1% Rule
- 0.94%(fails — need 1%+)
- Cash-on-Cash Return
- 4.9%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4.3%(0% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +1.5% YoY
Property Tax Rate
1.68%
of assessed value (TX avg)
Median Income
$67,321
household (TX avg)
Rent-to-Income
46.9%
Stretched
Section 8 Max Rent
$2,630/mo
3BR voucher payment
TX Investor Climate
Landlord Friendly
9/10
State Income Tax
None
Property Tax
1.68% effective
Population Trend
+1.5% (3yr)