Taft, CA—93268
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Taft, CA
As of Oct '25, the median home price in Taft, CA is $203,000, with a year-over-year change of -2.4%. This indicates that home prices in Taft, CA are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | -2.4% |
| Single Family | $203,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | -6.6% |
3 Bed | $232,000 | -1.7% |
4 Bed | $300,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Taft, CA
As of July '25, Rentcast reports the average rent in Taft, CA is $1,190, with a year-over-year rent change of -14.4%. Per bedroom, the median rent as of July '25 in Taft, CA is studios: $1,280, 1-bedrooms: $898, 2-bedrooms: $1,250, 3-bedrooms: $1,370. The most common rental property sizes in Taft, CA are 2-bedroom and 3-bedroom, accounting for 41.3% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,190 |
| Studio Rent | $650 | $1,280 |
| 1 Bed Rent | $900 | $898 |
| 2 Bed Rent | $1,260 | $1,250 |
| 3 Bed Rent | $1,500 | $1,370 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Taft, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Taft, CA is 38. This is a increase of 16.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $251,000 | 3.0% |
Listing Count | 74 | -4.0% |
| Listings as % of Homes | 0.4% | -4.0% |
Days on Market | 38 | 16.0% |
Demographics — Taft, CA
As of the latest ACS Survey released in 2023, Taft, CA has a population of 17,000, which has decreased by -5.6% over the past 5 years. Taft, CA is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 8.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,000 | -5.6% |
% Under 18 | 25.5% | -22.3% |
% Seniors | 10.9% | 7.9% |
% WFH | 2.9% | 141.7% |
% w/ College Degree | 8.8% | 10.0% |
As of the latest ACS Survey released in 2023, Taft, CA is a predominantly white area, with 50.9% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Taft, CA is hispanic, making up 43.9% of the population. Foreign-born residents account for 15.6% of the population in Taft, CA, and this percentage has increased by 14.7% 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 | 50.9% | -12.5% |
% Black | 0.7% | 0.0% |
% Hispanic | 43.9% | 19.9% |
% Asian | 0.3% | -88.0% |
% Foreign Born | 15.6% | 14.7% |
Mortgage and Risk — Taft, CA
According to HUD data as of 2023, there were 175 mortgage originations in Taft, CA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Taft, CA. Investor activity is low, as 5.0% 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 | 175 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Taft, CA
Taft, CA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $900 | $880 |
| 2 Bedroom | -$120 | $1,260 | $1,140 |
| 3 Bedroom | $100 | $1,500 | $1,600 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Taft, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $203,000 |
| Median Household Income | $55,500 |