Bakersfield Real Estate Market

As of June 2026, the median home listed in Bakersfield, CA asks $410,000 — up 0.0% from a year ago. Homes are taking a median of 51 days to go under contract, and 16% of the 2,166 active listings have taken a price cut, which points to a balanced market. Based on public records and industry data, updated monthly.

Bakersfield scores 54/100 on our composite Investor Score (#369 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 44% over five years and +88% over ten, leaving prices 52% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,483/mo for a two-bedroom, the gross rental yield on the median listing is about 4.3%; active inventory sits at 92% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 0.0% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Bakersfield's housing market faces an affordability crisis for middle-income earners despite shifting inventory, driven by external investment and local price increases. — AI-generated summary of the headlines above; read the linked coverage before relying on it.