Fresno rental prices up almost 10% since last year, study finds

FRESNO, Calif. (KSEE/KGPE) – Rental prices for a one-bedroom successful Fresno jumped astir 10% successful the past year, according to Zumper's 2024 yearly rent report.

The study recovered that the median terms of a one-bedroom successful Fresno is $1,420, up 9.2% since this clip past year.

The nationalist complaint for one-bedroom units, connected the different hand, is up 2.8% from past year. Despite Fresno's comparatively steep growth, rental prices for a one-bedroom inactive stay beneath the nationalist mean of $1,538.

This rising outgo is starring residents to walk an progressively greater information of their income connected housing. This year, Zumper recovered that renters spent an mean of 42% of their pre-tax income connected housing, up from 35% successful 2021 - contempt the information that galore rentals necessitate residents to walk nary much than 30% of their income connected rent.

Rental information was obtained from Zumper's listings; further statistic were obtained from the 7,205 renters crossed the state who were surveyed betwixt July and August 2024.