What is the home price forecast for Parcel 06029003131 in Bakersfield · 93313 · (Tract 31.31)?

Homecastr forecasts median home values at $359,453 currently, with a 5-year expected change of 10.1%.

What is the home price forecast for Parcel 06029003131 in Bakersfield · 93313 · (Tract 31.31)?

Homecastr forecasts median home values at $359,453 currently, with a 5-year expected change of 10.1%.

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Parcel 06029003131 (Bakersfield) Home Price Forecast | Homecastr

Parcel 06029003131, Bakersfield · 93313 · (Tract 31.31) Home Price Forecast

Kern, CA · ZIP 93313 · Census Tract 06029003131 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$359K

Downside (P10)

$317K

-12% by 2030

Base Case (P50)

$396K

+10% by 2030

Upside (P90)

$535K

+49% by 2030

Base case: +10% by 2030, with a forecast range from -12% to +49%. The model forecasts this with 70% 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	$238K	$251K	$288K	$315K	$356K	$359K	$368K	$382K	$396K
Growth $ vs 2026	-$121,253	-$108,953	-$71,553	-$44,653	-$3,253		+$8,372	+$22,632	+$36,389
Growth % vs 2026	-33.7%	-30.3%	-19.9%	-12.4%	-0.9%		+2.3%	+6.3%	+10.1%
Downside (P10)							$314K	$318K	$317K
Upside (P90)							$433K	$517K	$535K

Forecast Confidence

70%

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

$314K to $433K

32.2% of median

Long-horizon band

$317K to $535K

55.0% of median

Interpretation

Homecastr outlook: strong growth expected5yr expected: +10.1% · Spread: 55%

·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 06029003131, Bakersfield · 93313 · (Tract 31.31) 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).