Metro area index
Home appreciation in the Fresno, CA metro area
FHFA HPI® data shows the Fresno, CA metro area's all-transactions index changed +2.0% over the year to Q2 2026, versus +0.9% for California and +3.0% for the U.S. That ranks 283rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.0%
- 5-year change
- +35.5%
- Since Q1 1995
- +289%
- Metro rank (1 year)
- 283rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Fresno, CA vs California and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Fresno, CA: 389.1
- California: 488.5
- United States: 391.6
Appreciation by time window
| Window | Metro | CA | U.S. | Gap vs CA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.0% | +0.9% | +3.0% | +1.1 pts | −1.0 pts |
| 3 years | +10.0% | +7.7% | +12.9% | +2.3 pts | −2.9 pts |
| 5 years | +35.5% | +28.1% | +41.3% | +7.4 pts | −5.8 pts |
| 10 years | +95.5% | +76.2% | +93.3% | +19.3 pts | +2.2 pts |
| Since Q1 1995 | +289% | +388% | +292% | −99.4 pts | −2.4 pts |
3-digit ZIP regions in the Fresno, CA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 937 · Fresno, CA area | CA | +1.2% | +34.5% | +297% | 100% |
| 936 · Clovis, CA area | CA | +2.8% | +34.9% | +279% | 83% |
Boom, bust, and recovery in Fresno, CA area
Fresno, CA area's index peaked in Q3 2006, fell 49.5% to its low in Q1 2012, and regained its peak in Q2 2021, about 14.8 years after the top. Today it sits +37.4% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q3 2006 | Q1 2012 | -49.5% | Q2 2021 (14.8 yrs) | +37.4% |
| CA | Q3 2006 | Q1 2012 | -41.0% | Q2 2019 (12.8 yrs) | +50.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Fresno, CA area's index has changed +75.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | CA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.8% | -2.9% | -0.8% |
| 3 years | +9.8% | +0.1% | -1.9% | +2.8% |
| 5 years | +24.0% | +9.2% | +3.3% | +13.9% |
| 10 years | +39.1% | +40.6% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +75.8% | +121% | +76.8% |
If you bought in the Fresno, CA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +285% | $1,153,691 |
| Q2 2000 | +260% | $1,079,445 |
| Q2 2005 | +59.2% | $477,746 |
| Q2 2010 | +144% | $731,420 |
| Q2 2015 | +106% | $617,193 |
| Q2 2020 | +54.6% | $463,740 |
| Q2 2021 | +35.5% | $406,441 |
| Q2 2023 | +10.0% | $329,910 |
| Q2 2025 | +2.0% | $306,136 |
Frequently asked questions
- How much have home prices risen in the Fresno, CA area?
- FHFA HPI® data for the Fresno, CA metro area shows changes of +2.0% over one year, +35.5% over five years, and +95.5% over ten years to Q2 2026, and +289% since Q1 1995.
- Is the Fresno, CA area beating the national average?
- Over the past year the metro's index moved −1.0 pts versus the U.S.; over five years the gap is −5.8 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.