See Fresno home values compared to other major California cities in this interactive map
The value of a “typical” single-family house in the Fresno metro market came in at more than $375,000 in January, according to the latest estimates from online real estate marketplace Zillow.
That’s almost 22% higher than it was at the start of 2021, and more than 34% more than March 2020, at the start of the coronavirus pandemic.
Yet despite a nearly relentless increase since the summer and fall of 2014, home values in the Fresno area continue to be the lowest among California’s largest real estate markets, Zillow’s data shows. That doesn’t mean it’s cheap to buy a home here, but compared to other big cities in the state, a house here remains a relative bargain.
The interactive chart below illustrates those comparisons to other California metro areas.
In the Bay Area, for example, San Jose and San Francisco have the two highest values in the entire U.S. in the Zillow estimates. In the San Jose metro area, the typical single-family home has an estimated value of more than $1.67 million – about $201,000 higher than nearby San Francisco at $1.46 million.
Among the rest of California’s large metro areas, the Zillow estimates include:
Los Angeles-Long Beach-Anaheim: $921,510.
San Diego: $906,569.
Sacramento: $591,882.
Riverside: $553,127.
Fresno: $375,568.
A considerable range also exists among smaller metro-area markets in the San Joaquin Valley. Zillow estimates of home values at the end of January in each metro area were:
- Stockton: $536,336.
- Modesto: $445,982.
- Merced: $400,611.
- Madera: $394,429.
- Visalia: $317,912.
- Bakersfield: $317,699.
- Hanford: $313,690.
The Zillow data reflects the estimated value of all single-family homes in a given real estate market, whether or not a house is for sale. That’s different from the average or median price of a house, which only takes into account the price for which homes are listed for sale or sold in a metro market.
This story was originally published March 1, 2022 at 2:03 PM.
