Oildale, California Housing Market Prices
Oildale Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 60% below the California median$260,923
-
Median rent 37% below the California median$1,273
Housing Market Overview
| Metric | Oildale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,923 | $650,794 | $248,835 |
| Price Trend (Annual %) | 57.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,273 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oildale is about 60% lower than in California. Rent is about 37% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Oildale, up about 57.1% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Oildale rose about 61.8% between 2015 and 2024, from $786 to $1,273. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Oildale.
Buying the median-priced home in Oildale costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oildale. The price-to-rent ratio in California is about 26.6.
| Metric | Oildale | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $260,923 | $650,794 | $248,835 |
| Median Household Income | $51,492 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.1 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oildale rose about 67.0%, while median household income rose about 37.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Oildale | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.0% | 51.7% | 58.5% |
| Rental Rate | 55.9% | 40.8% | 31.2% |
| Vacancy Rate | 7.1% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Oildale has a homeownership rate of 37.0%, lower than the California average of 51.7%. Its housing vacancy rate is 7.1%, compared with 7.5% in California.
Housing Stock
| Metric | Oildale | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1969 | 1975 | 1978 |
| Median Number of Rooms | 4.6 | 5.0 | 5.5 |
The typical housing unit in Oildale was built around 1969. On average, 2.7 people live in a home with about 4.6 rooms, staying for about 11.0 years on average.
Oildale, CA Housing Compared With Nearby Cities
How Oildale, CA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oildale, CA | 30,593 | $260,923 #2/2 | $1,273 #2/2 | 39.8% #2/2 |
| Bakersfield, CA | 402,253 | $332,991 | $1,420 | 59.5% |
Frequently Asked Questions
Common questions about the housing market in Oildale, California.
What is the median home price in Oildale, California?
The median home price in Oildale, California is $260,923, lower than the California average of $650,794.
What is the average home price in Oildale, California?
The typical home price in Oildale, California, reported as the median sale price, is $260,923. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Oildale, California?
The median gross rent in Oildale, California is $1,273 per month, lower than the California average of $2,036.
What was the median gross rent in Oildale in 2020?
In 2020, the median gross rent in Oildale, California was $987 per month.
What is the price-to-rent ratio in Oildale, California?
The price-to-rent ratio in Oildale, California is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Oildale.
Are home prices or rent rising faster in Oildale, California?
Both home prices and rent are rising in Oildale, up about 57.1% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oildale, California?
37.0% of households in Oildale, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Oildale, California?
The housing vacancy rate in Oildale, California is 7.1%, lower than the California average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →