Market Overview
Home Prices in Bishop, CA
The median home value in Bishop, CA is $602,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bishop are priced47% above average.
Over the past five years, Bishop home values have risen by approximately19.4%, reflecting steady appreciation in this market.
Price History
Bishop Home Price Trend
2020
$436,352
$436K
—
2021
$504,613
$505K
+15.6%
2022
$569,699
$570K
+12.9%
2023
$563,383
$563K
-1.1%
2024
$568,337
$568K
+0.9%
2025
$577,617
$578K
+1.6%
2026
$602,317
$602K
+4.3%
City Comparison
Bishop vs. National Median
🏠 Bishop
$602,317
National Median
$410,000
At $602,317, homes in Bishop cost 47% above the national median of $410,000. Buyers in Bishop should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bishop?
20% Down Payment
$120,463
on $602,317
Monthly P&I
$3,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,989/mo
incl. taxes & insurance
Income Needed
$159,560
gross annual (30% rule)
10% Down Option
$60,232
+ PMI applies
Loan Amount (20% dn)
$481,854
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bishop, CA?
The median home value in Bishop is $602,317 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Bishop?
Over the past year, home values in Bishop have increased by 4.3%. Over five years, prices have risen approximately 19.4%.
How much do I need to earn to buy a home in Bishop?
To comfortably afford the median home price of $602,317 with a 20% down payment ($120,463) at today's rates (6.8%), you'd need a gross annual income of approximately $159,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Bishop compare to the national average home price?
The national median home value is approximately $410,000. At $602,317, homes in Bishop are 47% above the national average.