dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −11.5% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +11.5% YoY, is the number to watch.
The median listing price is down 11.5% YoY while the median home got down 7.0% bigger, so value per square foot is down 5.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 1 BR (no price per sq ft reported).
At the median, a $317K purchase rents for $1,550/mo: 0.49% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 27 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 93308 itself, not its parent county.
Renters hold 51.3% of this ZIP's 20,027 occupied households, on a median household income of $62K.
| Measure | ZIP 93308 | Kern County | Difference |
|---|---|---|---|
| Median Household Income | $62K | $70K | -$8K |
| Below Poverty Level | 19.6% | 19.1% | +0.5% |
| Median Age | 37.60 | 32.70 | +4.90 |
| Total Population | 55,078 | 915,075 | -- |
| Avg Household Size | 2.66 | 3.12 | -0.46 |
| Owner-Occupied | 48.7% | 60.1% | -11.4% |
| Worked From Home | 6.3% | 7.5% | -1.2% |
| Mean Commute | 23.30 | 24.40 | -1.10 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.5% to 915,075: residents under 18 are down 0.4% and those 65 and over are up 2.8%.
County median household income is $70K, 19.1% of residents are below the poverty level, 7.5% work from home.