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Airbnb City Guide: The Best Places To Invest in Fresno, California

A photo of the skyline in Fresno

Airbnb Rules and Regulations in Fresno, California

As of 2024, Fresno has implemented a set of rules and regulations for short-term rentals. Hosts are required to obtain a Short-Term Rental (STR) Permit before listing their property, with the permit holder being the property owner and the permit expiring annually. The city also mandates that hosts collect and pay a 12% Transient Occupancy Tax (TOT) and a 2% Tourism Business Improvement District Tax (TBID) on all reservations of 30 nights or less.

Hosts must prevent nuisance activities such as excessive noise and parties to ensure neighborhood tranquility. Additionally, Airbnb has partnered with the city to create a database of short-term rentals, streamlining tax collection and remittance processes. While these regulations may seem stringent, they aim to strike a balance between the benefits of short-term rentals and the preservation of community well-being in Fresno.

Fresno Airbnb Market Data:

  • Average Revenue – $18.8K per year
  • Average Daily Rate – $115.4 per night
  • Average Occupancy Rate – 57%
  • Average RevPAR – $65.8
  • Average Home Prices – $370,798

1. Top Place to Invest in Fresno, California - Fig Garden

Nestled in the heart of Fresno, Fig Garden is a charming and affluent neighborhood that has captured the attention of upcoming Airbnb businesses. With its tree-lined streets, well-maintained homes, and close proximity to various amenities, Fig Garden offers a unique blend of suburban tranquility and urban convenience.

Fig Garden Airbnb Market Data:

  • Average Revenue – $23.5K per year
  • Average Daily Rate – $121.9 per night
  • Average Occupancy Rate – 66%
  • Average RevPAR – $81.8

Convenience - 8/10

Fig Garden boasts a highly convenient location, with easy access to major highways, shopping centers, and a variety of local businesses. Residents can find everything they need within a short drive, from grocery stores to restaurants and entertainment options.

Tourist Attractions - 6/10

While Fig Garden itself may not be a major tourist destination, it is situated near several attractions that draw visitors to the area. The Fresno Chaffee Zoo and the Fresno Art Museum are within a 15-minute drive, allowing guests to explore the city's cultural offerings.

Things to Do - 7/10

Fig Garden offers a range of activities for residents and visitors alike. The neighborhood is home to several parks, including Fig Garden Loop Park, which features walking trails and picnic areas. The nearby Tower District is known for its vibrant nightlife, unique shops, and diverse dining options.

Average Home Prices - 7/10

As of 2024, the median home price in Fig Garden is $495,000, according to Zillow data. This represents a 3.2% appreciation rate over the past year, indicating a stable and growing real estate market. While prices are higher than the Fresno average, the neighborhood's desirability and potential for strong rental income make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 8/10

Fig Garden's central location makes it an ideal base for work-related travel. The neighborhood is just a 10-minute drive from the Fresno Convention Center and a 15-minute drive from the Fresno Yosemite International Airport. Additionally, several hospitals, including Saint Agnes Medical Center and Kaiser Permanente Fresno Medical Center, are within a short drive.

X-Factor - 9/10

Fig Garden's unique blend of historic charm and modern amenities sets it apart. The neighborhood features a mix of architectural styles, from classic Tudor revivals to contemporary homes, creating a visually appealing and diverse landscape. The area's mature trees and well-maintained landscaping contribute to its overall aesthetic appeal, making it a desirable location for residents and Airbnb guests.

2. Top Place to Invest in Fresno, California - Tower District

The Tower District, a vibrant and eclectic neighborhood in central Fresno, has emerged as a top contender for Airbnb investments. Known for its diverse mix of restaurants, bars, and unique shops, the Tower District offers a lively atmosphere that attracts both locals and visitors alike.

Tower District Airbnb Market Data:

  • Average Revenue – $22.2K per year
  • Average Daily Rate – $115.8 per night
  • Average Occupancy Rate – 62%
  • Average RevPAR – $75.5

Convenience - 7/10

The Tower District's central location provides easy access to various parts of Fresno. Residents can quickly reach major highways, public transportation, and a variety of local amenities. However, parking can be a challenge in some areas, particularly during peak hours and on weekends.

Tourist Attractions - 8/10

As a hub for arts and culture, the Tower District boasts several tourist attractions. The historic Tower Theatre, a beautifully restored 1939 movie palace, hosts a range of local events, from film screenings to live performances. The neighborhood also features numerous art galleries, antique shops, and unique boutiques that draw visitors from far and wide.

Things to Do - 9/10

The Tower District is a haven for foodies, with an impressive array of restaurants offering diverse cuisines from around the world. The neighborhood comes alive at night with a vibrant bar scene and live music venues that cater to various tastes. During the day, visitors can explore the area's many shops or take a stroll through the nearby Fresno City College campus.

Average Home Prices - 6/10

According to Zillow, the median home price in the Tower District as of 2024 is $325,000. This represents a modest 2.5% appreciation rate over the past year, indicating a relatively stable market. While prices are lower than in some other Fresno neighborhoods, the area's growing popularity and potential for strong rental income make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 7/10

The Tower District is conveniently located near several major employers and work-related destinations. The neighborhood is just a 10-minute drive from downtown Fresno, which houses numerous office buildings and government agencies. The Fresno Convention Center and Community Regional Medical Center are also within a 15-minute drive.

X-Factor - 8/10

The Tower District is unique because of its bohemian charm and diverse community. The neighborhood's eclectic mix of architecture, ranging from historic bungalows to mid-century modern apartments, creates a visually striking landscape. The area's strong sense of community and support for local businesses adds to its appeal, making it a desirable destination for both short-term and long-term stays.

3. Top Place to Invest in Fresno, California - Central

Central Fresno has emerged as a top contender for Airbnb investments, thanks to its prime location, diverse attractions, and thriving business district. This vibrant area offers a perfect blend of urban convenience and cultural richness, making it an attractive option for starting a short-term rental business.

Central Airbnb Market Data:

  • Average Revenue – $13.2K per year
  • Average Daily Rate – $141.4 per night
  • Average Occupancy Rate – 38%
  • Average RevPAR – $61.3

Convenience - 9/10

Central Fresno boasts an unbeatable level of convenience, with easy access to major highways, public transportation, and a wide array of local amenities. The area's walkability is a major plus, allowing residents and visitors to explore the neighborhood's many offerings on foot.

Tourist Attractions - 8/10

The central district is home to several notable tourist attractions, including the Fresno Convention Center, which hosts a variety of events throughout the year. The Fresno Art Museum and the historic Warnors Theatre are also located in the area, drawing visitors with their cultural offerings and architectural charm.

Things to Do - 9/10

Central Fresno offers a plethora of activities and entertainment options. The neighborhood is known for its diverse dining scene, with a range of restaurants serving cuisines from around the world. The area also features numerous bars, live music venues, and nightclubs, providing a lively nightlife experience. During the day, visitors can explore the neighborhood's many shops, galleries, and public art installations.

Average Home Prices - 7/10

According to Zillow, the median home price in Central Fresno as of 2024 is $380,000. This represents a 2.7% appreciation rate over the past year, indicating a stable and growing market. While prices are higher than some other Fresno neighborhoods, the area's prime location and strong rental demand make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 10/10

Central Fresno's location is unmatched when it comes to work-related travel. The neighborhood is home to the city's main business district, with numerous office buildings, government agencies, and major employers. This makes it a premier spot for investors looking to set up a corporate rental. The Fresno Convention Center and several major hospitals, including Community Regional Medical Center and Saint Agnes Medical Center, are also located in the area.

X-Factor - 8/10

What makes Central Fresno truly unique is its vibrant and diverse community. The neighborhood is a melting pot of cultures with a rich history and strong pride. The area's architecture is a mix of historic buildings and modern developments, creating a visually striking landscape. The central district's energy and dynamism make it a highly desirable location for both short-term and long-term stays.

4. Top Place to Invest in Fresno, California - West

Fresno's West side has been gaining traction among Airbnb investors, thanks to its affordable housing options, proximity to key attractions, and ongoing revitalization efforts. This diverse neighborhood offers a unique blend of residential charm and urban convenience, making it an appealing choice for short-term rental ventures.

West Airbnb Market Data:

  • Average Revenue – $22.3K per year
  • Average Daily Rate – $120.4 per night
  • Average Occupancy Rate – 87%
  • Average RevPAR – $104.4

Convenience - 6/10

The West side of Fresno provides reasonable access to major highways and public transportation, allowing residents to easily navigate the city. However, the area's walkability is limited, and some parts of the neighborhood may require a car to access essential amenities and services.

Tourist Attractions - 5/10

While the West side itself may not be a primary tourist destination, it is situated near several notable attractions. The Fresno Chaffee Zoo, a popular family-friendly destination, is just a short drive away. The neighborhood is also close to the historic Kearney Mansion Museum and the Fresno County Blossom Trail, which draws visitors during the spring months.

Things to Do - 6/10

The West side offers a range of local parks and community centers, providing opportunities for outdoor recreation and community engagement. The nearby Roeding Park features a lake, walking trails, and picnic areas, making it a popular spot for families and outdoor enthusiasts. The neighborhood also hosts several annual events, such as the Fresno County Fair and the Fresno Film Festival.

Average Home Prices - 8/10

As of 2024, the median home price in Fresno's West side is $280,000, according to Zillow data. This represents a modest 1.8% appreciation rate over the past year, indicating a relatively stable market. The area's affordable housing options make it an attractive choice for Airbnb investors looking to maximize their return on investment.

Proximity to Work-Related Travel - 7/10

The West side's location provides convenient access to several major employers and work-related destinations. The neighborhood is just a 15-minute drive from downtown Fresno, which houses numerous office buildings and government agencies. The Fresno Yosemite International Airport and the Fresno Convention Center are also within a 20-minute drive.

X-Factor - 7/10

What sets Fresno's West side apart is its ongoing revitalization efforts and strong sense of community. The neighborhood has been undergoing a transformation in recent years, with new businesses, public art installations, and community initiatives breathing new life into the area. This growing sense of pride and investment in the community makes the West side an increasingly desirable location for both residents and Airbnb guests.

5. Top Place to Invest in Fresno, California - Woodward Park

Woodward Park, a scenic and tranquil neighborhood in northeast Fresno, has been gaining attention from Airbnb investors seeking a balance between natural beauty and urban convenience. With its proximity to the sprawling Woodward Park and easy access to the city's amenities, this area offers a unique opportunity for short-term rental investments.

Woodward Park Airbnb Market Data:

  • Average Revenue – $27K per year
  • Average Daily Rate – $116.6 per night
  • Average Occupancy Rate – 72%
  • Average RevPAR – $82.7

Convenience - 7/10

Woodward Park provides moderate convenience, with relatively easy access to major highways and shopping centers. While the neighborhood itself is primarily residential, residents can find most necessities within a short drive. However, the area's walkability is limited, and a car is often necessary for daily errands.

Tourist Attractions - 6/10

The main attraction in the Woodward Park neighborhood is the expansive Woodward Park itself. This 300-acre park features walking trails, picnic areas, and a variety of recreational facilities, making it a popular destination for outdoor enthusiasts. The nearby Shinzen Japanese Garden and the Fresno Art Museum are also within a short drive.

Things to Do - 7/10

Woodward Park offers ample opportunities for outdoor activities, such as hiking, biking, and bird-watching. The park also hosts several annual events, including the Woodward Shakespeare Festival and the California Classic Weekend. The neighborhood's proximity to the San Joaquin River provides additional recreational options, such as fishing and kayaking.

Average Home Prices - 8/10

As of 2024, the median home price in Woodward Park is $550,000, according to Zillow data. This represents a 3.5% appreciation rate over the past year, indicating a strong and growing market. While prices are higher than the Fresno average, the neighborhood's desirable location and potential for high-end rental income make it an attractive option for Airbnb investors.

Proximity to Work-Related Travel - 6/10

Woodward Park's location in northeast Fresno places it further away from the city's main business districts and work-related destinations. However, the neighborhood is still within a 20-minute drive of downtown Fresno, the Fresno Convention Center, and several major hospitals, including Saint Agnes Medical Center and Kaiser Permanente Fresno Medical Center.

X-Factor - 9/10

What sets Woodward Park apart is its stunning natural beauty and serene atmosphere. The neighborhood's tree-lined streets, well-maintained homes, and proximity to the park create a peaceful oasis within the city. This tranquil setting, with the area's safety and family-friendly vibe, makes it a highly desirable location for residents and Airbnb guests seeking a relaxing getaway.

⚡️
Reveal your property’s rental profitability

Buy this property and list it on Airbnb.