CALCMONEY // HOME AFFORDABILITY // CA // FRESNO
How much house can you afford in Fresno? Based on local median home prices, current CA mortgage rates, and Fresno property tax data.
$370,000
$2,331/mo
$99,906/yr
$170,114
Monthly housing costs of $2,331 represent 50.9% of Fresno's median gross monthly income ($4,583/mo). At 50.9%, median-income buyers in Fresno are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $370,000 |
| Down Payment (20%) | $74,000 |
| Loan Amount | $296,000 |
| Monthly PI Payment | $1,940 |
| Monthly Property Tax | $237 |
| Monthly Insurance Est. | $154 |
| Total Monthly PITI | $2,331 |
| Housing Cost % of Income | 50.9% |
| Required Income (28% rule) | $99,906/yr |
| Max Affordable Home | $170,114 |
$12,950
$2,984/mo
Fresno Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $370,000 | Fresno city median |
| Down Payment (20%) | $74,000 | Conventional loan |
| Monthly PITI | $2,331 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $99,906 | Annual gross |
| Max Affordable Home | $170,114 | Based on median income |
| FHA Down (3.5%) | $12,950 | Minimum FHA |
| Housing Cost % of Income | 50.9% | Median income: $55,000/yr |
| Property Tax Rate | 0.77% | $2,849/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Fresno is $370,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $296,000, generating a monthly P&I payment of $1,940. Adding property taxes ($237/mo) and homeowners insurance ($154/mo) brings total monthly PITI to $2,331.
Fresno's property tax rate of 0.77% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Fresno median home, that is $237/month, or $2,849 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Fresno should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Fresno's median income of $55,000/year can afford up to $1,283/month in total housing costs. Based on Fresno's mortgage rate of 6.85% and property tax rate of 0.77%, that translates to a maximum affordable home price of approximately $170,114 with 20% down on a 30-year loan.
To afford the median Fresno home priced at $370,000, you need an annual gross income of approximately $99,906. Total monthly housing costs (principal and interest of $1,940, property taxes of $237, and insurance of $154) come to $2,331/month, which equals 28% of the required income.
At the median home price of $370,000 and median household income of $55,000, the total monthly housing cost of $2,331 represents 50.9% of gross monthly income. This is well above the standard 28% threshold, making Fresno a challenging market for buyers at median income.
A conventional 20% down payment on the median Fresno home of $370,000 is $74,000. An FHA loan requires just 3.5% down — $12,950 — but adds mortgage insurance of roughly $253/month, bringing total FHA payments to $2,984/month.
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