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Fresno Introduction
Fresno, the county seat of Fresno County, is located in California's Central Valley. It is approximately 2.75 hours southeast of San Jose, and 3.5 hours north of Los Angeles. It is the sixth largest city in the State of California. 2005 US Census estimates place the population of Fresno at slightly over 475,000 people. Since 2000, the population of Fresno has grown by about 50,000 people.
Fresno Neighborhoods
Some of Fresno's more notable neighborhoods include:
Fresno Real Estate
As of 2005, there were 266,687 housing units in Fresno according to US Census estimates. 94.3% of Fresno's homes were occupied, with 50.2% being owner occupied. The Fresno owner occupancy rate is below the national average, which was 66.9% in 2005.
52% of Fresno's homes were built before 1980, but only a small number (7%) were built prior to 1940. 17.5% were built in the 1980s, 18.5% were built in the 1990s, and 5% have been built since 2000. The "typical" Fresno home is 4 to 7 rooms in size with 2 to 3 bedrooms. Only a small number (6.4%) have more rooms, with a slightly larger number (13.8%) with four or more bedrooms.
50.9% of Fresno homes are heated by utility gas, and 37.7% are heated by electricity.
As of 2005, the median value of an owner occupied home in Fresno was $242,500, substantially above the national average for 2005 of $167,500. The 2005 value of a Fresno home also represents a significant appreciation in value over 2000 when the median value of a home in Fresno was $97,300, below the national average at that time.
The median monthly housing costs for a Fresno owner occupied home were $1,303 in 2005, which was above the national average in 2005 of $1,295. Also in that same time period, 76.7% of Fresno's owner occupied homes had a mortgage. A quarter (25.4%) of Fresno's owner occupied homes also had a second mortgage and/or a home equity line.
Fresno Property Taxes
The median property tax bill for a Fresno owner occupied home in 2005 was $1,400 according to US Census estimates. The Fresno County Auditor-Controller/Treasurer-Tax Collector is responsible for collecting property taxes in Fresno County. The Fresno County Assessor is responsible with the valuation of property in Fresno County.
Fresno Schools
The school district that serves most of Fresno's students is the Fresno Unified School District. The Fresno Unified School District is California's fourth largest school district, serving over 79,000 students in 61 elementary schools, 19 middle schools, and 8 high schools. Since 2000, 7 of Fresno Unified's schools have received "Distinguished School Awards" through the California School Recognition Program.
There are also many two- and four-year colleges and Universities in Fresno, including: California State University at Fresno, Alliant International University, California Christian College, Fresno City College, Fresno Pacific University, Heald College, Mennonite Brethren Biblical Seminary, National University, San Joaquin College of Law, San Joaquin Valley College, the University of California San Francisco - Fresno Medical Education Program, and the University of Phoenix.
Fresno Economy
While Fresno's reliance on agriculture has declined over the past few decades, agriculture still accounts for approximately 20% of Fresno employment. Behind agriculture, major sectors of the Fresno economy include:
Fresno's largest employers include: the Fresno County Unified School District, City of Fresno, Community Medical Centers, Fresno County, St. Agnes Medical Center, and Zacky Farms.
As of 2005, the median family income in Fresno was $42,793, below the national average of $55,832.
Fresno/California Mortgage and Real Estate Organizations
| Category | Value |
|---|---|
| Homes With No Mortgage | 21% |
| With A Mortgage | 79% |
| First Mortgage Only | 63% |
| Second Mortgage or Home Equity Loan | 16% |
| Second Mortgage Only | 10% |
| Home Equity Loan Only | 6% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 22.1% |
| Median Real Estate Taxes (2000) | $958 |
| Category | Value |
|---|---|
| Total Occupied | 139,951 |
| 1-Person Households | 23% |
| 2-Person Households | 27% |
| 3-Person Households | 16% |
| 4-Person Households | 15% |
| 5-Person Households | 9% |
| 6-Person Households | 5% |
| 7+-Person Households | 5% |
| Category | Value |
|---|---|
| Median Year Built | 1974 |
| Median Year Built (Owner Occupied) | 1975 |
| Median Year Built (Renter Occupied) | 1974 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 69% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 28% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 1% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 2% |
| 1 Bedroom | 5% |
| 2 Bedrooms | 20% |
| 3 Bedrooms | 55% |
| 4 Bedrooms | 16% |
| 5+ Bedrooms | 2% |
Rate quotes from multiple lenders for the Fresno area:
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