Ridgecrest, CA housing market
Typical home value
$266K
▼ 1.4% 1 yr
Typical rent
$1,274/mo
▲ 2.6% 1 yr
Gross rent yield
5.7%
U.S. 6.3%
5-year home value change
+7%
U.S. +20%
Key takeaways
- 1The typical home in Ridgecrest is worth $266,174, down 1.4% over the past year and up 7% over five years.
- 2Typical rent is $1,274 a month (+2.6% YoY), a gross rent yield of 5.7% (below the Bakersfield, CA metro's 6.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,463/mo, $189 more than typical rent.
- 4Zillow forecasts the Bakersfield, CA metro's home values to change +1.6% over the next 12 months.
Market temperature (Bakersfield, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #292 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Ridgecrest compares
| Measure | Ridgecrest | Bakersfield, CA metro | United States |
|---|---|---|---|
| Typical home value | $266,174 | $360,210 | $366,157 |
| Home value, 1-yr change | −1.4% | +0.0% | +1.2% |
| Typical rent | $1,274 | $1,822 | $1,932 |
| Rent, 1-yr change | +2.6% | +3.0% | +2.7% |
| Gross rent yield | 5.7% | 6.1% | 6.3% |
| Price-to-rent ratio | 17.4 | 16.5 | 15.8 |
| Mortgage P&I, typical home | $1,463 | $1,980 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Ridgecrest rental, pre-filled.
Rent vs buy in Ridgecrest
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $266K home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the Bakersfield, CA metro
Bakersfield, CA
$386K home$1,901 rent
■ 0.0% 1 yr
Tehachapi, CA
$422K home$2,160 rent
▲ 0.8% 1 yr
California City, CA
$271K home$1,660 rent
▼ 3.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.