What is the home price forecast for Parcel 06029000103 in Oildale · Bakersfield · (Tract 1.3)?

Homecastr forecasts median home values at $238,874 currently, with a 5-year expected change of 3.1%.

What is the home price forecast for Parcel 06029000103 in Oildale · Bakersfield · (Tract 1.3)?

Homecastr forecasts median home values at $238,874 currently, with a 5-year expected change of 3.1%.

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Parcel 06029000103 (Oildale) Home Price Forecast | Homecastr

Parcel 06029000103, Oildale · Bakersfield · (Tract 1.3) Home Price Forecast

Kern, CA · ZIP 93308 · Census Tract 06029000103 · 2027–2030 outlook · Forecasts as of March 2026

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Current modeled value

$239K

Downside (P10)

$201K

-16% by 2030

Base Case (P50)

$246K

+3% by 2030

Upside (P90)

$338K

+41% by 2030

Base case: +3% by 2030, with a forecast range from -16% to +41%. The model forecasts this with 69% 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	$170K	$162K	$193K	$226K	$235K	$239K	$243K	$250K	$246K
Growth $ vs 2026	-$69,374	-$76,674	-$45,574	-$13,374	-$3,774		+$4,053	+$11,342	+$7,503
Growth % vs 2026	-29.0%	-32.1%	-19.1%	-5.6%	-1.6%		+1.7%	+4.7%	+3.1%
Downside (P10)							$208K	$207K	$201K
Upside (P90)							$283K	$318K	$338K

Forecast Confidence

69%

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

$208K to $283K

30.9% of median

Long-horizon band

$201K to $338K

55.6% of median

Interpretation

Homecastr outlook: moderate growth expected5yr expected: +3.1% · Spread: 56%

·The forecast implies relatively stable values through the full horizon, with modest movements in either direction.
·The base case is supported by stable local demand and a moderate medium-term appreciation path.
·The narrow range suggests relatively high model confidence for this market.

Location

Parcel 06029000103, Oildale · Bakersfield · (Tract 1.3) 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).