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Bakersfield, CA—93307

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$313,000
0.2% YoY Growth
Household Income
$52,600
35.2% YoY Growth
Days on Market
59
14.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$1,800
1.7% YoY Growth
1-Bed Rent
$1,120
3.5% YoY Growth
2-Bed Rent
$1,500
7.6% YoY Growth
3-Bed Rent
$1,900
5.0% YoY Growth

Other Zip Codes in Bakersfield, CA

9330693311933149331293304933139330193309
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bakersfield, CA

As of Dec '25, the median home price in Bakersfield, CA is $313,000, with a year-over-year change of 0.2%. This indicates that home prices in Bakersfield, CA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$313,0000.2%
Single Family $314,000-0.3%
Condos $274,000-2.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $146,000
    -5.8%
    2 Bed
    		$209,000-3.2%
    3 Bed
    		$310,000-0.3%
    4 Bed
    		$358,0000.0%
    5 Bed $404,1810.4%
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    % of Housing Stock

    Studio
    3.1%
    1 Bedroom
    7.2%
    2 Bedrooms
    25.7%
    3 Bedrooms
    47.5%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    1.5%

    Rental Trends — Bakersfield, CA

    As of July '25, Rentcast reports the average rent in Bakersfield, CA is $1,700, with a year-over-year rent change of -1.7%. Per bedroom, the median rent as of July '25 in Bakersfield, CA is studios: $1,190, 1-bedrooms: $1,110, 2-bedrooms: $1,410, 3-bedrooms: $1,890, 4-bedrooms: $2,240. The most common rental property sizes in Bakersfield, CA are 3-bedroom and 2-bedroom, accounting for 39.7% and 32.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,700
    Studio Rent $875$1,190
    1 Bed Rent $1,120$1,110
    2 Bed Rent $1,500$1,410
    3 Bed Rent $1,900$1,890
    4 Bed Rent $2,200$2,240
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    % of Rental Stock

    Studio
    4.3%
    1 Bedroom
    12.4%
    2 Bedrooms
    32.5%
    3 Bedrooms
    39.7%
    4 Bedrooms
    9.9%
    5+ Bedrooms
    1.1%

    Property Listings — Bakersfield, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Bakersfield, CA is 53. This is a increase of 36.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$364,0006.0%
    Listing Count
    		136-13.0%
    Listings as % of Homes0.3%-13.0%
    Days on Market
    		5914.0%
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    Demographics — Bakersfield, CA

    As of the latest ACS Survey released in 2023, Bakersfield, CA has a population of 88,200, which has increased by 4.0% over the past 5 years. Bakersfield, CA is a popular place for families, as children make up 33.3% of the population. The area has a poorly educated workforce, with 7.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		88,2004.0%
    % Under 18
    		33.3%-2.9%
    % Seniors
    		6.9%-9.2%
    % WFH
    		5.8%75.8%
    % w/ College Degree
    		7.0%37.3%
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    As of the latest ACS Survey released in 2023, Bakersfield, CA is a predominantly hispanic area, with 80.3% of the population identifying as hispanic. The hispanic population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Bakersfield, CA is white, making up 9.8% of the population. Foreign-born residents account for 30.6% of the population in Bakersfield, CA, and this percentage has increased by 2.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		9.8%-12.5%
    % Black
    		6.1%-12.9%
    % Hispanic
    		80.3%1.9%
    % Asian
    		2.7%68.8%
    % Foreign Born
    		30.6%2.3%
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    Mortgage and Risk — Bakersfield, CA

    According to HUD data as of 2023, there were 552 mortgage originations in Bakersfield, CA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Bakersfield, CA. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		552
    % Conventional Loans
    		57.0%
    % Government Loans
    		43.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Bakersfield, CA

    As of 2024, the percent of homes in Bakersfield, CA under the Section 8 program is 4.8%. 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. In Bakersfield, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		796
    Total Units Section 8
    		590
    % Rentals under Section 8
    		4.8%
    % Occupied Section 8
    		89.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$120$1,120$1,000
    2 Bedroom-$210$1,500$1,290
    3 Bedroom-$90$1,900$1,810
    4 Bedroom-$30$2,200$2,170

    Affordability — Bakersfield, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$313,000
    Median Household Income$52,600

    Bakersfield, CA — ZIP Code Boundary Map

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    Frequently Asked Questions