Bakersfield, CA—93312
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 $454,000, with a year-over-year change of -0.0%. This indicates that home prices in Bakersfield, CA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $454,000 | -0.0% |
| Single Family | $454,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $412,000 | 0.0% |
3 Bed | $414,000 | -0.5% |
4 Bed | $489,000 | -0.4% |
| 5 Bed | $559,000 | -0.5% |
% of Housing Stock
Rental Trends — Bakersfield, CA
As of July '25, Rentcast reports the average rent in Bakersfield, CA is $2,500, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Bakersfield, CA is 1-bedrooms: $1,210, 2-bedrooms: $1,900, 3-bedrooms: $2,400, 4-bedrooms: $2,780. The most common rental property sizes in Bakersfield, CA are 3-bedroom and 4-bedroom, accounting for 41.2% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,210 |
| 2 Bed Rent | $1,820 | $1,900 |
| 3 Bed Rent | $2,380 | $2,400 |
| 4 Bed Rent | $2,600 | $2,780 |
% 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 49. This is a increase of 40.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $484,000 | 1.0% |
Listing Count | 164 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 49 | 40.0% |
Demographics — Bakersfield, CA
As of the latest ACS Survey released in 2023, Bakersfield, CA has a population of 58,300, which has decreased by -3.3% over the past 5 years. Bakersfield, CA is a popular place for families, as children make up 29.5% of the population. The area has a moderately educated workforce, with 34.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,300 | -3.3% |
% Under 18 | 29.5% | -0.3% |
% Seniors | 11.1% | 16.8% |
% WFH | 7.1% | 73.2% |
% w/ College Degree | 34.0% | 4.6% |
As of the latest ACS Survey released in 2023, Bakersfield, CA is a predominantly white area, with 52.6% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Bakersfield, CA is hispanic, making up 32.6% of the population. Foreign-born residents account for 11.8% of the population in Bakersfield, CA, and this percentage has increased by 15.7% 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 | 52.6% | -10.4% |
% Black | 2.3% | -8.0% |
% Hispanic | 32.6% | 16.4% |
% Asian | 6.4% | -15.8% |
% Foreign Born | 11.8% | 15.7% |
Mortgage and Risk — Bakersfield, CA
According to HUD data as of 2023, there were 946 mortgage originations in Bakersfield, CA, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Bakersfield, CA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 946 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Bakersfield, CA
As of 2024, the percent of homes in Bakersfield, CA under the Section 8 program is 0.2%. 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. In Bakersfield, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,100 | $1,600 |
| 2 Bedroom | $250 | $1,820 | $2,070 |
| 3 Bedroom | $520 | $2,380 | $2,900 |
| 4 Bedroom | $880 | $2,600 | $3,480 |
Affordability — Bakersfield, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $454,000 |
| Median Household Income | $113,000 |