Bishop, CA—93514
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bishop, CA
Bishop, CA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $577,000 | 2.3% |
| Single Family | $578,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $349,000 | -7.4% |
2 Bed | $467,000 | 2.0% |
3 Bed | $585,000 | 2.6% |
4 Bed | $662,000 | 3.1% |
| 5 Bed | $788,000 | 2.6% |
% of Housing Stock
Rental Trends — Bishop, CA
As of July '25, Rentcast reports the average rent in Bishop, CA is $2,170, with a year-over-year rent change of 0.9%. Per bedroom, the median rent as of July '25 in Bishop, CA is 1-bedrooms: $1,520, 2-bedrooms: $1,990, 3-bedrooms: $2,850. The most common rental property sizes in Bishop, CA are 3-bedroom and 2-bedroom, accounting for 36.8% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,520 |
| 2 Bed Rent | $2,000 | $1,990 |
| 3 Bed Rent | $2,550 | $2,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bishop, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bishop, CA is 67. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $693,000 | -14.0% |
Listing Count | 23 | -23.0% |
| Listings as % of Homes | 0.2% | -23.0% |
Days on Market | 67 | 1.0% |
Demographics — Bishop, CA
As of the latest ACS Survey released in 2023, Bishop, CA has a population of 15,000, which has increased by 3.8% over the past 5 years. Bishop, CA is a moderately popular place for families, as children make up 20.5% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,000 | 3.8% |
% Under 18 | 20.5% | 2.5% |
% Seniors | 23.8% | 3.9% |
% WFH | 13.0% | 176.6% |
% w/ College Degree | 37.1% | 30.2% |
As of the latest ACS Survey released in 2023, Bishop, CA is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Bishop, CA is hispanic, making up 25.4% of the population. Foreign-born residents account for 9.0% of the population in Bishop, CA, and this percentage has increased by 4.7% 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 | 59.9% | -9.4% |
% Black | 0.8% | 33.3% |
% Hispanic | 25.4% | 27.0% |
% Asian | 2.0% | 5.3% |
% Foreign Born | 9.0% | 4.7% |
Mortgage and Risk — Bishop, CA
According to HUD data as of 2023, there were 100 mortgage originations in Bishop, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Bishop, CA. Investor activity is low, as 0.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bishop, CA
Bishop, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 16 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,420 | $1,310 |
| 2 Bedroom | -$510 | $2,000 | $1,490 |
| 3 Bedroom | -$710 | $2,550 | $1,840 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Bishop, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $577,000 |
| Median Household Income | $81,700 |