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

$173,400

  • 6.6% 1-year change
  • 5.8% 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

Warm

Buyers' Market
Sellers' Market

The median home value in Bakersfield Metro is $173,400. Bakersfield Metro home values have gone up 6.6% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in Bakersfield Metro is None. The median rent price in Bakersfield Metro is $1,050, which is lower than the California median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Bakersfield Metro 4.9 homes are foreclosed (per 10,000). This is greater than the California value of 2.4 and also greater than the national value of 3.5

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 4.0%, which is lower than the national value of 6.0%. 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 Bakersfield Metro homeowners underwater on their mortgage is 23.0%, which is higher than California at 11.0%.

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Relative ZHVI
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Bakersfield Metro Market Overview

Data through May 31, 2015
  • $173,400 ZHVI
  • 5.8% 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
    (May 31, 2016)
  • No data Median listing price
  • $195,850 Median sale price
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Bakersfield Metro Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • 78 Average days on Zillow (Apr 30, 2015)
  • 23.0% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.0% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

4.9 homes Bakersfield Metro
2.4 homes California
3.5 homes United States
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Cities in Bakersfield Metro

Name Median ZHVI
Tehachapi $206,400
Bakersfield $189,500
Rosamond $153,100
Name Median ZHVI
Ridgecrest $151,000
Delano $136,800
Wasco $131,700
Name Median ZHVI
Shafter $126,300
Arvin $116,600
Oildale $113,600

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $122 Median sale price / sq ft
  • No data Listings with price cut
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Bakersfield Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,256 Bakersfield Metro
    $2,244 California
    $1,367 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,050 Rent list price
  • $0.86 Rent list price / sq ft
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