Home Values

Bakersfield Metro 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

$165,600

  • 9.9% 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 metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Bakersfield Metro is $165,600. Bakersfield Metro home values have gone up 9.9% over the past year and Zillow predicts they will rise 7.6% within the next year. The median list price per square foot in Bakersfield Metro is $125, which is lower than the California average of $250. The median price of homes currently listed in Bakersfield Metro is $212,077 while the median price of homes that sold is $191,250. The median rent price in Bakersfield Metro is $990, which is lower than the California median of $1,900.

Foreclosures will be a factor impacting home values in the next several years. In Bakersfield Metro 3.9 homes are foreclosed (per 10,000). This is greater than the California value of 2.4 and also lower than the national value of 4.0

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 Metro is 5.0%, 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 Metro homeowners underwater on their mortgage is 27.5%, which is higher than California at 13.2%.

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Relative ZHVI
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Bakersfield Metro Market Overview

Data through Sep 30, 2014
  • $165,600 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
    (Sep 30, 2015)
  • $212,077 Median listing price
  • $191,250 Median sale price
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Bakersfield Metro Market Health

Data through Sep 30, 2014
  • 5.0/10 Stable
    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.
  • 75 Average days on Zillow (Aug 31, 2014)
  • 27.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.9 homes Bakersfield Metro
2.4 homes California
4 homes United States
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Cities in Bakersfield Metro

Name Median ZHVI
Tehachapi $211,800
Bakersfield $196,800
Rosamond $158,500
Name Median ZHVI
Ridgecrest $152,400
Delano $144,200
Wasco $136,800
Name Median ZHVI
Shafter $134,300
Arvin $122,100
Oildale $119,700

Listings & Sales

Data through Sep 30, 2014
  • $125 Median list price / sq ft
  • $121 Median sale price / sq ft
  • 35.5% Listings with price cut
18.1%
Sold below listing
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Bakersfield Metro Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,227 Bakersfield Metro
    $2,150 California
    $1,335 United States

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

  • 0.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $990 Rent list price
  • $0.85 Rent list price / sq ft
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