Halfway House, CA 93308 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Halfway House, CA—93308

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$344,000

0.4% YoY Growth

Household Income

$59,500

36.3% YoY Growth

Days on Market

14.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,450

3.9% YoY Growth

1-Bed Rent

$975

9.9% YoY Growth

2-Bed Rent

$1,300

11.4% YoY Growth

3-Bed Rent

$1,720

5.3% YoY Growth

Home Price Trends — Halfway House, CA

As of Nov '25, the median home price in Halfway House, CA is $344,000, with a year-over-year change of 0.4%. This indicates that home prices in Halfway House, CA are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$344,000	0.4%
Single Family	$346,000	0.3%
Condos	$228,000	0.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Halfway House, CA

As of July '25, Rentcast reports the average rent in Halfway House, CA is $1,480, with a year-over-year rent change of -3.9%. Per bedroom, the median rent as of July '25 in Halfway House, CA is studios: $829, 1-bedrooms: $1,040, 2-bedrooms: $1,370, 3-bedrooms: $1,800, 4-bedrooms: $2,240. The most common rental property sizes in Halfway House, CA are 2-bedroom and 3-bedroom, accounting for 44.2% and 25.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,450	$1,480
Studio Rent	$750	$829
1 Bed Rent	$975	$1,040
2 Bed Rent	$1,300	$1,370
3 Bed Rent	$1,720	$1,800
4 Bed Rent	$2,300	$2,240

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% of Rental Stock

Studio

3.7%

1 Bedroom

20.7%

2 Bedrooms

44.2%

3 Bedrooms

25.5%

4 Bedrooms

5.9%

Property Listings — Halfway House, CA

As of Nov '25, Realtor.com reports that the median days on market for a home in Halfway House, CA is 46. This is a increase of 14.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$352,000	8.0%
Listing Count	195	19.0%
Listings as % of Homes	0.4%	19.0%
Days on Market	46	14.0%

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Demographics — Halfway House, CA

As of the latest ACS Survey released in 2023, Halfway House, CA has a population of 55,800, which has increased by 3.9% over the past 5 years. Halfway House, CA is a popular place for families, as children make up 25.5% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	55,800	3.9%
% Under 18	25.5%	-0.8%
% Seniors	14.5%	12.4%
% WFH	6.0%	140.0%
% w/ College Degree	17.7%	18.0%

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As of the latest ACS Survey released in 2023, Halfway House, CA is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 15.6% in the last 5 years. The second most common race or ethnicity in Halfway House, CA is hispanic, making up 32.1% of the population. Foreign-born residents account for 8.0% of the population in Halfway House, CA, and this percentage has increased by 37.9% 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	56.9%	-15.6%
% Black	2.6%	-10.3%
% Hispanic	32.1%	32.1%
% Asian	2.5%	78.6%
% Foreign Born	8.0%	37.9%

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Mortgage and Risk — Halfway House, CA

According to HUD data as of 2023, there were 681 mortgage originations in Halfway House, CA, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Halfway House, CA. Investor activity is low, as 6.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	681
% Conventional Loans	61.0%
% Government Loans	39.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Halfway House, CA

As of 2024, the percent of homes in Halfway House, CA under the Section 8 program is 6.3%. 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 Halfway House, 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	760
Total Units Section 8	668
% Rentals under Section 8	6.3%
% Occupied Section 8	89.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$135	$975	$1,110
2 Bedroom	$140	$1,300	$1,440
3 Bedroom	$300	$1,720	$2,020
4 Bedroom	$120	$2,300	$2,420

Halfway House, CA—93308

Key Metrics at a Glance

Home Price Trends — Halfway House, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Halfway House, CA

% of Rental Stock

Property Listings — Halfway House, CA

Demographics — Halfway House, CA

Race and Ethnicity

Mortgage and Risk — Halfway House, CA

Mortgages

Rentals and Section 8 — Halfway House, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Halfway House, CA

Home Price to Income Ratio

Halfway House, CA — ZIP Code Boundary Map

Nearby ZIP Codes

La Cresta - Altavista, CA

Bakersfield, CA

Woody, CA

Bakersfield, CA

Bakersfield, CA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$344,000
Median Household Income	$59,500

Halfway House, CA—93308

Key Metrics at a Glance

Home Price Trends — Halfway House, CA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Halfway House, CA

% of Rental Stock

Property Listings — Halfway House, CA

Demographics — Halfway House, CA

Race and Ethnicity

Mortgage and Risk — Halfway House, CA

Mortgages

Rentals and Section 8 — Halfway House, CA

Section 8 Market Size

Section 8 Opportunity

Affordability — Halfway House, CA

Home Price to Income Ratio

Halfway House, CA — ZIP Code Boundary Map

Nearby ZIP Codes

La Cresta - Altavista, CA

Bakersfield, CA

Woody, CA

Bakersfield, CA

Bakersfield, CA

Frequently Asked Questions

What is the average home price in Halfway House, CA 93308?

How have home prices in Halfway House, CA 93308 changed over the past year?

What is the home price projection for Halfway House, CA 93308?

What are the demographics of Halfway House, CA 93308?

How long does it take homes to sell in Halfway House, CA 93308?

What is the average rent price in Halfway House, CA 93308?