Kern County Home Prices & Values

$164,300 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

  • 10.9% 1-year change
  • 7.1% 1-year forecast

The median home value in Kern County is $164,300. Kern County home values have gone up 10.9% over the past year and Zillow predicts they will rise 7.1% within the next year. The median list price per square foot in Kern County is $125, which is the same as the Bakersfield Metro average of $125. The median price of homes currently listed in Kern County is $217,000 while the median price of homes that sold is $188,300. The median rent price in Kern County is $950, which is the same as the Bakersfield Metro median of $950.

Foreclosures will be a factor impacting home values in the next several years. In Kern County 5.8 homes are foreclosed (per 10,000). This is the same as the Bakersfield Metro value of 5.8 and also greater than 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 Kern County 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 Kern County homeowners underwater on their mortgage is 27.5%, which is the same as Bakersfield Metro at 27.5%.

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Relative ZHVI
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Kern County Market Overview

Data through Jul 31, 2014
  • $164,300 ZHVI
  • 7.1% 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)
  • $217,000 Median listing price
  • $188,300 Median sale price
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Kern County Market Health

Data through Jul 31, 2014
  • 5.1/10 Stable 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.

  • 91 Average days on Zillow (Jun 30, 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)

5.8 homes Kern County
5.8 homes Bakersfield Metro
4.4 homes United States
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Cities in Kern County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Rosedale $395,000 Tehachapi $212,400 Bakersfield $196,400
Kernville $192,300 Wofford Heights $143,600 Lake Isabella $128,200
Arvin $119,300 Oildale $118,300 Lamont $88,000

Listings & Sales

Data through Jul 31, 2014
  • $125 Median list price / sq ft
  • $120 Median sale price / sq ft
  • 33.0% Listings with price cut
17.6%
Sold below listing
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Kern County 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
$1,220 Kern County
$1,220 Bakersfield Metro
$1,318 United States
  • No data Breakeven horizon
  • $950 Rent list price
  • $0.86 Rent list price / sq ft
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