Fresno, CA Rental Market for Investors
An estimated 44% of Fresno's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of October 2026.
As of October 2026, we analyzed 971 active for-sale homes in Fresno, California. The typical listing is priced at $449,900 and is projected to generate about $41,095 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 43.5% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 53.1% median across the 200 major metros we track, ranking Fresno #131 of 200 for cash-flow potential.
On market momentum: homes in Fresno sit a median of 47 days on the market, and 37% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.
For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Fresno runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.
What actually works in Fresno
Cash-flow is the exception rather than the rule in Fresno right now: 108 of the 844 Fresno homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $426,000.
| Price | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|
| $150k–$250k | 50%1.26 | 73%1.48 | — | — |
| $250k–$350k | 14%1.01 | 27%1.15 | 64%1.30 | — |
| $350k–$500k | 0%0.89 | 5%0.97 | 16%1.08 | 46%1.20 |
| $500k+ | — | 0%0.75 | 0%0.79 | 0%0.83 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Fresno in full
| Active for-sale homes analyzed | 971 |
|---|---|
| Median list price | $449,900 |
| Median projected STR revenue (annual, gross) | $41,095 |
| Median average daily rate (ADR) | $184 |
| Median occupancy | 61% |
| Median beds | 3 |
| Median size | 1,754 sqft |
| Estimated cash-flow-positive share | 43.5% |
| Median days on market | 47 days |
| New listings (last 30 days) | 37.3% of active |
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Estimates for educational purposes. Final terms subject to credit, property & program approval.
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