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

$163,800

  • 10.6% 1-year change
  • 5.6% 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

Very Hot

Buyers' Market
Sellers' Market

The median home value in Bakersfield Metro is $163,800. Bakersfield Metro home values have gone up 10.6% over the past year and Zillow predicts they will rise 5.6% within the next year. The median list price per square foot in Bakersfield Metro is $126, which is lower than the California average of $254. The median price of homes currently listed in Bakersfield Metro is $215,000 while the median price of homes that sold is $191,150. The median rent price in Bakersfield Metro is $975, which is lower than the California median of $1,895.

Foreclosures will be a factor impacting home values in the next several years. In Bakersfield Metro 5.0 homes are foreclosed (per 10,000). This is greater than the California value of 2.5 and also greater than the national value of 4.3

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 Aug 31, 2014
  • $163,800 ZHVI
  • 5.6% 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
    (Aug 31, 2015)
  • $215,000 Median listing price
  • $191,150 Median sale price
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Bakersfield Metro Market Health

Data through Aug 31, 2014
  • 2.7/10 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.
  • No recent data Average days on Zillow
  • 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)

5 homes Bakersfield Metro
2.5 homes California
4.3 homes United States
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Cities in Bakersfield Metro

Name Median ZHVI
Tehachapi $202,400
Bakersfield $194,900
Rosamond $158,400
Name Median ZHVI
Ridgecrest $154,400
Delano $142,400
Wasco $136,800
Name Median ZHVI
Shafter $131,400
Arvin $122,900
Oildale $117,600

Listings & Sales

Data through Aug 31, 2014
  • $126 Median list price / sq ft
  • $120 Median sale price / sq ft
  • 34.7% Listings with price cut
17.6%
Sold below listing
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Bakersfield Metro Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,223 Bakersfield Metro
    $2,134 California
    $1,328 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)
  • $975 Rent list price
  • $0.86 Rent list price / sq ft
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