Tower District, Fresno, CA—93702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tower District, Fresno, CA
As of Nov '25, the median home price in Tower District, Fresno, CA is $245,000, with a year-over-year change of -1.2%. This indicates that home prices in Tower District, Fresno, CA are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | -1.2% |
| Single Family | $247,000 | -1.2% |
| Condos | $140,000 | -2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $160,000 | -0.6% |
2 Bed | $224,000 | -0.9% |
3 Bed | $263,000 | -1.9% |
4 Bed | $306,000 | 0.3% |
| 5 Bed | $333,282 | 1.8% |
% of Housing Stock
Rental Trends — Tower District, Fresno, CA
As of July '25, Rentcast reports the average rent in Tower District, Fresno, CA is $1,340, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Tower District, Fresno, CA is studios: $950, 1-bedrooms: $1,210, 2-bedrooms: $1,350, 3-bedrooms: $1,900, 4-bedrooms: $1,700. The most common rental property sizes in Tower District, Fresno, CA are 2-bedroom and 3-bedroom, accounting for 42.1% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,340 |
| Studio Rent | $950 | $950 |
| 1 Bed Rent | $1,200 | $1,210 |
| 2 Bed Rent | $1,250 | $1,350 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Tower District, Fresno, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Tower District, Fresno, CA is 52. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 0.0% |
Listing Count | 57 | -22.0% |
| Listings as % of Homes | 0.3% | -22.0% |
Days on Market | 52 | 59.0% |
Demographics — Tower District, Fresno, CA
As of the latest ACS Survey released in 2023, Tower District, Fresno, CA has a population of 45,200, which has increased by 2.5% over the past 5 years. Tower District, Fresno, CA is a popular place for families, as children make up 32.6% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,200 | 2.5% |
% Under 18 | 32.6% | 3.5% |
% Seniors | 9.4% | 8.0% |
% WFH | 6.1% | 60.5% |
% w/ College Degree | 8.9% | 67.9% |
As of the latest ACS Survey released in 2023, Tower District, Fresno, CA is a predominantly hispanic area, with 75.4% of the population identifying as hispanic. The hispanic population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Tower District, Fresno, CA is asian, making up 10.6% of the population. Foreign-born residents account for 26.8% of the population in Tower District, Fresno, CA, and this percentage has decreased by 27.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.0% | 12.9% |
% Black | 4.2% | 23.5% |
% Hispanic | 75.4% | -0.7% |
% Asian | 10.6% | -22.6% |
% Foreign Born | 26.8% | -27.8% |
Mortgage and Risk — Tower District, Fresno, CA
According to HUD data as of 2023, there were 201 mortgage originations in Tower District, Fresno, CA, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Tower District, Fresno, CA. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Rentals and Section 8 — Tower District, Fresno, CA
As of 2024, the percent of homes in Tower District, Fresno, CA under the Section 8 program is 12.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Tower District, Fresno, CA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,005 |
Total Units Section 8 | 1,004 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$120 | $1,200 | $1,080 |
| 2 Bedroom | $90 | $1,250 | $1,340 |
| 3 Bedroom | -$20 | $1,900 | $1,880 |
| 4 Bedroom | $450 | $1,700 | $2,150 |
Affordability — Tower District, Fresno, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $245,000 |
| Median Household Income | $44,800 |