93312, Bakersfield, CA

Home Equity and Home Prices in the 93312 Zip Code of Bakersfield, CA

In the 93312 zip code of Bakersfield, CA, home equity and home prices are both high. According to Zillow, the median home value in this zip code is $247,200. This is a higher median home value than any other zip code in Kern County. The average home value in this zip code is also high at $269,000. This means that there are a lot of homes in this zip code that are worth a lot of money.

One reason why home values are so high in the 93312 zip code of Bakersfield is because there are a lot of people who want to live here. According to Census data from 2016, the population density in this zip code is very high at 2,847 people per square mile. This means that there are a lot of homes for sale and a lot of people who want to buy them.

Another reason why home values are high in the 93312 zip code of Bakersfield is because there is a lot of demand for housing here. According to Zillow’s 2018 Home Value report, the average list price growth rate for homes in this zipcode from 2017 to 2018 was 5%. This means that homes here have been increasing in value faster than most other places across America over the past two years.

Overall, it seems like there is plenty of demand for housing stock and plenty of money available to buy homes if you want one – which makes sense given how expensive they can be!