Bakersfield, CA—93314
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 $572,000, with a year-over-year change of 0.8%. 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 | $572,000 | 0.8% |
| Single Family | $572,000 | 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 | N/A | N/A |
3 Bed | $489,000 | -0.4% |
4 Bed | $589,000 | 0.7% |
| 5 Bed | $699,000 | 0.9% |
% of Housing Stock
Rental Trends — Bakersfield, CA
As of July '25, Rentcast reports the average rent in Bakersfield, CA is $2,700, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Bakersfield, CA is 1-bedrooms: $1,570, 2-bedrooms: $1,820, 3-bedrooms: $2,470, 4-bedrooms: $2,990. The most common rental property sizes in Bakersfield, CA are 3-bedroom and 4-bedroom, accounting for 48.9% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,570 |
| 2 Bed Rent | $1,850 | $1,820 |
| 3 Bed Rent | $2,400 | $2,470 |
| 4 Bed Rent | $2,900 | $2,990 |
% 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 59. This is a increase of 30.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $589,000 | -7.0% |
Listing Count | 172 | 13.0% |
| Listings as % of Homes | 0.8% | 13.0% |
Days on Market | 59 | 30.0% |
Demographics — Bakersfield, CA
As of the latest ACS Survey released in 2023, Bakersfield, CA has a population of 35,000, which has increased by 22.4% over the past 5 years. Bakersfield, CA is a popular place for families, as children make up 27.9% of the population. The area has a moderately educated workforce, with 36.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,000 | 22.4% |
% Under 18 | 27.9% | -1.8% |
% Seniors | 12.3% | 18.3% |
% WFH | 11.0% | 100.0% |
% w/ College Degree | 36.4% | 15.9% |
As of the latest ACS Survey released in 2023, Bakersfield, CA is a predominantly white area, with 60.6% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Bakersfield, CA is hispanic, making up 24.6% of the population. Foreign-born residents account for 9.8% of the population in Bakersfield, CA, and this percentage has decreased by 14.8% 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 | 60.6% | -3.8% |
% Black | 1.9% | 137.5% |
% Hispanic | 24.6% | -4.3% |
% Asian | 8.0% | 9.6% |
% Foreign Born | 9.8% | -14.8% |
Mortgage and Risk — Bakersfield, CA
According to HUD data as of 2023, there were 206 mortgage originations in Bakersfield, CA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Bakersfield, CA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 206 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Bakersfield, CA
As of 2024, the percent of homes in Bakersfield, CA under the Section 8 program is 0.1%. 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 | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,250 | $1,600 |
| 2 Bedroom | $220 | $1,850 | $2,070 |
| 3 Bedroom | $500 | $2,400 | $2,900 |
| 4 Bedroom | $580 | $2,900 | $3,480 |
Affordability — Bakersfield, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $572,000 |
| Median Household Income | $128,000 |