Bakersfield Home Prices & Values

$196,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.0% 1-year change
  • 7.9% 1-year forecast

The median home value in Bakersfield is $196,400. Bakersfield home values have gone up 13.0% over the past year and Zillow predicts they will rise 7.9% within the next year. The median list price per square foot in Bakersfield is $130, which is higher than the Bakersfield Metro average of $125. The median price of homes currently listed in Bakersfield is $245,000 while the median price of homes that sold is $216,750. The median rent price in Bakersfield is $1,045, which is higher than the Bakersfield Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Bakersfield 4.4 homes are foreclosed (per 10,000). This is lower than the Bakersfield Metro value of 5.8 and also the same as the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bakersfield is 4.9%, which is lower than the national value of 6.9%. 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 Bakersfield homeowners underwater on their mortgage is 25.9%, which is lower than Bakersfield Metro at 27.5%.

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Relative ZHVI
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Bakersfield Market Overview

Data through Jul 31, 2014
  • $196,400 ZHVI
  • 7.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $245,000 Median listing price
  • $216,750 Median sale price
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Bakersfield Market Health

Data through Jul 31, 2014
  • 6.6/10 Healthy What's This?  
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    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.

  • No data Average days on Zillow
  • 25.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.4 homes Bakersfield
5.8 homes Bakersfield Metro
4.4 homes United States
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Neighborhoods in Bakersfield

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Quailwood $204,900 Riviera - Westchester $190,400 Sagepointe $187,400
Kern City $171,600 Park Stockdale $127,700 Benton Park $116,400
Oleander Sunset $111,500 Southgate $97,100 Lakeview $73,600

Listings & Sales

Data through Jul 31, 2014
  • $130 Median list price / sq ft
  • $126 Median sale price / sq ft
  • 36.1% Listings with price cut
16.7%
Sold below listing
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Bakersfield Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,362 Bakersfield
$1,220 Bakersfield Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,045 Rent list price
  • $0.90 Rent list price / sq ft
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