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Bishop

Learn about the people, housing, costs and businesses in Bishop, California

Median Home$388,472
Median Rent$1,741/month
Population12,722
Leading IndustriesEducation · Public Administration · Arts, Food & Hospitality4% education
Home Value Growth+0.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners69% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
Bishop
CA

Frequently Asked Questions

What are today's mortgage rates in Bishop?

As of today, the 30-year fixed mortgage rate for Bishop is approximately 6.842% (6.876% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Bishop?

The median home value in Bishop is $388k. The median monthly rent is $1,741. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bishop?

Home values in Bishop have increased 0.5% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bishop?

Based on a typical all-in ownership cost of $1,197/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bishop is $89k/year.

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What industries drive the economy in Bishop?

The largest employment sectors in Bishop are public administration (29%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.