Home Values

93307 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$133,400

  • 8.0% 1-year change
  • 7.6% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in 93307 is $133,400. 93307 home values have gone up 8.0% over the past year and Zillow predicts they will rise 7.6% within the next year. The median list price per square foot in 93307 is None.

Foreclosures will be a factor impacting home values in the next several years. In 93307 4.2 homes are foreclosed (per 10,000). This is greater than the Bakersfield value of 3.7 and also greater than the national value of 3.0

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 93307 homeowners underwater on their mortgage is 30.6%, which is higher than Bakersfield at 23.3%.

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Relative ZHVI
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93307 Market Overview

Data through Mar 31, 2015
  • $133,400 ZHVI
  • 7.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $151,700 Median sale price (Feb 28, 2015)
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93307 Market Health

Data through Mar 31, 2015
  • 3.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 30.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

4.2 homes 93307
3.7 homes Bakersfield
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
93313 $198,800
93309 $167,700
93301 $156,900
Name Median ZHVI
93306 $156,100
93203 $116,600
93304 $115,500
Name Median ZHVI
93305 $109,400
93241 $86,700
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $111 Median sale price / sq ft (Feb 28, 2015)
  • No data Listings with price cut
18.1%
Sold below listing
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93307 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,120 93307
    $1,398 Bakersfield
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.90 Rent list price / sq ft
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