What is the home price forecast for Parcel 06029002001 in Bakersfield · 93304 · (Tract 20.1)?

Homecastr forecasts median home values at $163,569 currently, with a 5-year expected change of 12.0%.

What is the home price forecast for Parcel 06029002001 in Bakersfield · 93304 · (Tract 20.1)?

Homecastr forecasts median home values at $163,569 currently, with a 5-year expected change of 12.0%.

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Parcel 06029002001 (Bakersfield) Home Price Forecast | Homecastr

Parcel 06029002001, Bakersfield · 93304 · (Tract 20.1) Home Price Forecast

Kern, CA · ZIP 93304 · Census Tract 06029002001 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$164K

Downside (P10)

$141K

-14% by 2030

Base Case (P50)

$183K

+12% by 2030

Upside (P90)

$237K

+45% by 2030

Base case: +12% by 2030, with a forecast range from -14% to +45%. The model forecasts this with 71% confidence.

Forecast Timeline

Historical Trend & Forecast

HistoricalForecast (p50)Confidence range

View detailed timeline

Year	2020	2021	2022	2023	2024	2026	2027	2028	2029
Median Value	$198K	$194K	$207K	$161K	$162K	$164K	$168K	$175K	$183K
Growth $ vs 2026	+$34,131	+$30,431	+$43,531	-$2,469	-$1,269		+$4,420	+$11,823	+$19,611
Growth % vs 2026	+20.9%	+18.6%	+26.6%	-1.5%	-0.8%		+2.7%	+7.2%	+12.0%
Downside (P10)							$142K	$147K	$141K
Upside (P90)							$190K	$212K	$237K

Forecast Confidence

71%

Moderate Confidence

The predictive band is moderate for this surface over the shown horizon. Near-term ranges are tighter, but uncertainty widens meaningfully further out.

Near-term band

$142K to $190K

28.6% of median

Long-horizon band

$141K to $237K

52.5% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +12.0% · Spread: 53%

·The forecast implies steady near-term growth accelerating over the longer horizon.
·The base case is supported by strong local demand signals and a positive medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 06029002001, Bakersfield · 93304 · (Tract 20.1) on map

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Forecasts are probabilistic model outputs, not guarantees. The model uses historical data and economic indicators; it does not observe property-specific conditions. This is not financial, investment, or real estate advice. Learn more about our methodology.

Methodology & Data Sources

Model

Homecastr World Model (Schrödinger Bridge v12)

Forecast Horizon

2027 to 2030

Schema Version

forecast_queue

Citation

Hardesty Lewis, D. (2026). Homecastr Home Price Forecast. Retrieved from homecastr.com.

Data Sources

U.S. Census Bureau. American Community Survey (ACS), 5-Year Estimates, Table B25077 (Median Home Value), Census Tract level.
U.S. Census Bureau. TIGER/Line Shapefiles, Census Tract and ZCTA boundaries.
Federal Reserve Bank of St. Louis (FRED). 30-Year Fixed Rate Mortgage Average (MORTGAGE30US), Unemployment Rate (UNRATE), Consumer Price Index (CPIAUCSL).