Market Overview
Home Prices in Keene, CA
The median home value in Keene, CA is $654,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Keene are priced60% above average. Keene is part of the Bakersfield, CA metro area.
Over the past five years, Keene home values have risen by approximately16.4%, reflecting steady appreciation in this market.
Price History
Keene Home Price Trend
2020
$463,947
$464K
—
2021
$562,192
$562K
+21.2%
2022
$637,358
$637K
+13.4%
2023
$610,392
$610K
-4.2%
2024
$643,579
$644K
+5.4%
2025
$651,602
$652K
+1.2%
2026
$654,432
$654K
+0.4%
City Comparison
Keene vs. National Median
🏠 Keene
$654,432
National Median
$410,000
At $654,432, homes in Keene cost 60% above the national median of $410,000. Buyers in Keene should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Keene?
20% Down Payment
$130,886
on $654,432
Monthly P&I
$3,413/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,335/mo
incl. taxes & insurance
Income Needed
$173,400
gross annual (30% rule)
10% Down Option
$65,443
+ PMI applies
Loan Amount (20% dn)
$523,546
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 Keene, CA?
The median home value in Keene is $654,432 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Keene?
Over the past year, home values in Keene have increased by 0.4%. Over five years, prices have risen approximately 16.4%.
How much do I need to earn to buy a home in Keene?
To comfortably afford the median home price of $654,432 with a 20% down payment ($130,886) at today's rates (6.8%), you'd need a gross annual income of approximately $173,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Keene compare to the national average home price?
The national median home value is approximately $410,000. At $654,432, homes in Keene are 60% above the national average.
What metro area is Keene part of?
Keene is part of the Bakersfield, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.