While you always should be careful and evaluate a property on its individual merits, Fresno is a good place to invest in real estate overall.
Some Fresno Real Estate Investment Statistics
According to Forbes, the Central Valley has the lowest real estate prices in California and yet a large proportion of people are renters. In fact, RentCafe.com says 31% of Fresno households are renter-occupied.
The Guardian reports that rents in Fresno have risen 26% over the last 12 months — up to a median cost of $1,141 for a 1-bedroom and $1,421 for a 2-bedroom. And CalMatters.org says rents are up by 39% since 2017.
The Fresno housing market is competitive for those who are buying and selling. But others see the continued uncertainty brought on by the pandemic and choose to continue renting rather than buying a home.
That makes Fresno a good place to invest in real estate if you’re able to do so.
Real Estate Investment Options
Real estate investors are buying both homes and apartments as rental properties.
And these rentals aren’t limited to long-term rental agreements. Short-term rentals through services like Airbnb also are paying off for investors.
Other investors are buying lower cost fixer-uppers, doing renovations, and then reselling these investment homes for a profit.
Either way, Fresno has paid off as a good place to invest in real estate for many people.
Determining Whether an Individual Property is a Good Real Estate Investment
It’s always recommended to seek the help of a local real estate expert in evaluating whether any individual property is a good place to invest or not. They will factor the property’s location, age, improvements, and the current market itself as to how good of an investment it is.
At Foxen Realty, we have experience not just as real estate agents, but also as real estate investors. So we bring a unique perspective and insights into the conversation.
Send us a message or call us at 559-490-0207 today to discuss investing in Fresno real estate.