Real Estate Investing in Bishop, California (93514)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93514 (Bishop, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 13.0% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 33.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bishop, CA (93514)?
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Market Analysis: 93514 Bishop
Not every below-median market is a bargain. Bishop's 93514 ZIP comes in at signals that favor experienced operators who can absorb the risk $602K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $602K asset, 93514 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 93514 sits on the difficult end of the CA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
In practical terms, 14,961 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 93514 is an operator game, not a passive one. Stepping back, entry prices of $602K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bishop:
Property Strategy for 93514
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $348,947 | $1,510 | 3.1% | — | $348,947 |
| 2BR | $466,694 | $1,650 | 2.5% | +5.1% | $233,347 |
| 3BR | $585,073 | $2,140 | 2.6% | +5.2% | $195,024 |
| 4BR | $662,275 | $2,770 | 3.0% | — | $165,569 |
| 5BR | $788,231 | — | — | — | $157,646 |
Market Trends
Home Value History (with trend line)
📊 How Does 93514 Compare?
| Metric | 93514 | Bishop | California |
|---|---|---|---|
| Home Value | $602,382 | $602,382 | $761,003 |
| 5-Year CAGR | 3.8% | 3.8% | 5.7% |
| Avg Rent | $1,485 | $1,485 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93514 (Bishop, CA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $602,382 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 33.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.7% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93514
Population: 14,961
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93514
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is real estate in Bishop, CA a good investment right now?
Bishop, CA scores 2.0/5 for investability. Home values sit at $602K and rents near $1,485/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are tenants stable in Bishop, CA?
Bishop, CA draws a predictable base of working renters. Demand at the $1,485/mo rent level is reasonable for standard single-family and small multi rentals.
What is the typical vacancy rate in Bishop, CA?
Occupancy in Bishop, CA runs reliable with elevated vacancy. Well-priced units at $1,485/mo lease on reasonable timelines.
What real estate strategy is ideal for Bishop, CA?
Bishop, CA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($602K prices, $1,485/mo rents) make it a reasonable choice.
What do rentals go for in Bishop, CA?
Average rent in Bishop, CA is approximately $1,485/mo per month. Against $602K home values that yields a reasonable rent-to-price ratio.
You know 93514 now. You don’t know where it ranks.
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