Shafter, CA—93263
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shafter, CA
As of Oct '25, the median home price in Shafter, CA is $372,000, with a year-over-year change of 1.2%. This indicates that home prices in Shafter, CA are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $372,000 | 1.2% |
| Single Family | $372,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | -1.3% |
3 Bed | $330,000 | 0.3% |
4 Bed | $427,000 | 0.2% |
| 5 Bed | $512,000 | 1.2% |
% of Housing Stock
Rental Trends — Shafter, CA
As of July '25, Rentcast reports the average rent in Shafter, CA is $2,080, with a year-over-year rent change of -12.6%. Per bedroom, the median rent as of July '25 in Shafter, CA is 1-bedrooms: $925, 2-bedrooms: $1,250, 3-bedrooms: $2,280, 4-bedrooms: $2,600. The most common rental property sizes in Shafter, CA are 3-bedroom and 2-bedroom, accounting for 47.1% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | $1,300 | $1,250 |
| 3 Bed Rent | $2,350 | $2,280 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Shafter, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shafter, CA is 80. This is a increase of 78.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | 4.0% |
Listing Count | 73 | 35.0% |
| Listings as % of Homes | 0.2% | 35.0% |
Days on Market | 80 | 78.0% |
Demographics — Shafter, CA
As of the latest ACS Survey released in 2023, Shafter, CA has a population of 23,400, which has increased by 8.6% over the past 5 years. Shafter, CA is a popular place for families, as children make up 34.3% of the population. The area has a poorly educated workforce, with 11.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,400 | 8.6% |
% Under 18 | 34.3% | 3.9% |
% Seniors | 7.3% | -2.7% |
% WFH | 4.4% | 76.0% |
% w/ College Degree | 11.1% | 24.7% |
As of the latest ACS Survey released in 2023, Shafter, CA is a predominantly hispanic area, with 79.5% of the population identifying as hispanic. The hispanic population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Shafter, CA is white, making up 17.3% of the population. Foreign-born residents account for 24.7% of the population in Shafter, CA, and this percentage has decreased by 20.1% 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 | 17.3% | 21.8% |
% Black | 1.3% | -31.6% |
% Hispanic | 79.5% | -4.3% |
% Asian | 1.2% | 100.0% |
% Foreign Born | 24.7% | -20.1% |
Mortgage and Risk — Shafter, CA
According to HUD data as of 2023, there were 431 mortgage originations in Shafter, CA, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Shafter, CA. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 431 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Shafter, CA
As of 2024, the percent of homes in Shafter, CA under the Section 8 program is 0.4%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Shafter, CA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 46 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $135 | $925 | $1,060 |
| 2 Bedroom | $80 | $1,300 | $1,380 |
| 3 Bedroom | -$420 | $2,350 | $1,930 |
| 4 Bedroom | -$280 | $2,600 | $2,320 |
Affordability — Shafter, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $372,000 |
| Median Household Income | $66,800 |