Bakersfield, CA—93313
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 $412,000, with a year-over-year change of 0.7%. 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 | $412,000 | 0.7% |
| Single Family | $413,000 | 0.2% |
| Condos | $270,000 | 4.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | 1.5% |
3 Bed | $377,000 | 0.5% |
4 Bed | $435,000 | 0.5% |
| 5 Bed | $502,000 | 1.4% |
% of Housing Stock
Rental Trends — Bakersfield, CA
As of July '25, Rentcast reports the average rent in Bakersfield, CA is $2,360, with a year-over-year rent change of 1.3%. Per bedroom, the median rent as of July '25 in Bakersfield, CA is 1-bedrooms: $1,150, 2-bedrooms: $1,690, 3-bedrooms: $2,280, 4-bedrooms: $2,520. The most common rental property sizes in Bakersfield, CA are 3-bedroom and 4-bedroom, accounting for 53.3% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,450 | $1,690 |
| 3 Bed Rent | $2,300 | $2,280 |
| 4 Bed Rent | $2,500 | $2,520 |
% 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 40. This is a increase of 25.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | -2.0% |
Listing Count | 185 | 27.0% |
| Listings as % of Homes | 0.3% | 27.0% |
Days on Market | 40 | 25.0% |
Demographics — Bakersfield, CA
As of the latest ACS Survey released in 2023, Bakersfield, CA has a population of 60,300, which has increased by 14.6% 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 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,300 | 14.6% |
% Under 18 | 30.4% | -0.7% |
% Seniors | 8.8% | 6.0% |
% WFH | 7.4% | 221.7% |
% w/ College Degree | 21.5% | 33.5% |
As of the latest ACS Survey released in 2023, Bakersfield, CA is a predominantly hispanic area, with 57.1% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Bakersfield, CA is white, making up 21.5% of the population. Foreign-born residents account for 24.8% of the population in Bakersfield, CA, and this percentage has increased by 12.2% 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 | 21.5% | -15.4% |
% Black | 6.6% | 3.1% |
% Hispanic | 57.1% | 4.8% |
% Asian | 13.3% | 15.7% |
% Foreign Born | 24.8% | 12.2% |
Mortgage and Risk — Bakersfield, CA
According to HUD data as of 2023, there were 543 mortgage originations in Bakersfield, CA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Bakersfield, CA. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 543 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Bakersfield, CA
As of 2024, the percent of homes in Bakersfield, CA under the Section 8 program is 2.2%. 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 | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,150 | $1,600 |
| 2 Bedroom | $620 | $1,450 | $2,070 |
| 3 Bedroom | $600 | $2,300 | $2,900 |
| 4 Bedroom | $980 | $2,500 | $3,480 |
Affordability — Bakersfield, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $412,000 |
| Median Household Income | $93,400 |