Bakersfield, CA—93301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bakersfield, CA
As of Oct '25, the median home price in Bakersfield, CA is $306,000, with a year-over-year change of 1.5%. This indicates that home prices in Bakersfield, CA are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $306,000 | 1.5% |
| Single Family | $324,000 | 1.6% |
| Condos | $184,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | -1.8% |
3 Bed | $321,000 | 1.6% |
4 Bed | $473,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bakersfield, CA
As of July '25, Rentcast reports the average rent in Bakersfield, CA is $1,440, with a year-over-year rent change of 15.2%. Per bedroom, the median rent as of July '25 in Bakersfield, CA is studios: $955, 1-bedrooms: $1,020, 2-bedrooms: $1,460, 3-bedrooms: $2,210. The most common rental property sizes in Bakersfield, CA are 2-bedroom and 1-bedroom, accounting for 45.0% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,440 |
| Studio Rent | $950 | $955 |
| 1 Bed Rent | $995 | $1,020 |
| 2 Bed Rent | $1,350 | $1,460 |
| 3 Bed Rent | $1,600 | $2,210 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bakersfield, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bakersfield, CA is 44. This is a increase of 35.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $418,000 | 28.0% |
Listing Count | 24 | -26.0% |
| Listings as % of Homes | 0.2% | -26.0% |
Days on Market | 44 | 35.0% |
Demographics — Bakersfield, CA
As of the latest ACS Survey released in 2023, Bakersfield, CA has a population of 14,000, which has increased by 16.6% over the past 5 years. Bakersfield, CA is a popular place for families, as children make up 30.4% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 16.6% |
% Under 18 | 30.4% | 9.4% |
% Seniors | 16.9% | 39.7% |
% WFH | 6.3% | -11.3% |
% w/ College Degree | 19.7% | 8.2% |
As of the latest ACS Survey released in 2023, Bakersfield, CA is a predominantly hispanic area, with 45.0% of the population identifying as hispanic. The hispanic population has grown by 14.8% in the last 5 years. The second most common race or ethnicity in Bakersfield, CA is white, making up 40.6% of the population. Foreign-born residents account for 9.9% of the population in Bakersfield, CA, and this percentage has increased by 25.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.6% | 1.0% |
% Black | 5.9% | -48.2% |
% Hispanic | 45.0% | 14.8% |
% Asian | 2.0% | -60.8% |
% Foreign Born | 9.9% | 25.3% |
Mortgage and Risk — Bakersfield, CA
According to HUD data as of 2023, there were 103 mortgage originations in Bakersfield, CA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Bakersfield, CA. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 103 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bakersfield, CA
Bakersfield, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 561 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$65 | $995 | $930 |
| 2 Bedroom | -$140 | $1,350 | $1,210 |
| 3 Bedroom | $100 | $1,600 | $1,700 |
| 4 Bedroom | N/A | N/A | $2,030 |
Affordability — Bakersfield, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $306,000 |
| Median Household Income | $40,700 |