Home Values

Ridgecrest 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

$152,000

  • -0.6% 1-year change
  • 3.0% 1-year forecast

The median home value in Ridgecrest is $152,000. Ridgecrest home values have declined -0.6% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Ridgecrest is $91, which is lower than the Bakersfield Metro average of $122. The median price of homes currently listed in Ridgecrest is $129,000 while the median price of homes that sold is $172,400. The median rent price in Ridgecrest is $675, which is lower than the Bakersfield Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Ridgecrest 8.4 homes are foreclosed (per 10,000). This is greater than the Bakersfield Metro value of 5.1 and also greater than the national value of 4.2

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 Ridgecrest is 3.9%, which is lower than the national value of 6.4%. 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 Ridgecrest homeowners underwater on their mortgage is 35.9%, which is higher than Bakersfield Metro at 25.9%.

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Relative ZHVI
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Ridgecrest Market Overview

Data through Nov 30, 2014
  • $152,000 ZHVI
  • 3.0% 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
    (Nov 30, 2015)
  • $129,000 Median listing price
  • $172,400 Median sale price
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Ridgecrest Market Health

Data through Nov 30, 2014
  • 0.9/10 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 data Average days on Zillow
  • 35.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.4 homes Ridgecrest
5.1 homes Bakersfield Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Kernville $201,500
Inyokern $186,000
Wofford Heights $139,900
Name Median ZHVI
Lake Isabella $125,700
California City $86,400
Mojave $76,300

Listings & Sales

Data through Nov 30, 2014
  • $91 Median list price / sq ft
  • $105 Median sale price / sq ft
  • No data Listings with price cut
18.4%
Sold below listing
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Ridgecrest Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,199 Ridgecrest
    $1,266 Bakersfield Metro
    $1,342 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
    (Jun 30, 2014)
  • $675 Rent list price
  • $0.78 Rent list price / sq ft
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