Bakersfield, MO is an attractive location for potential homebuyers due to its relatively low median value of $138,100 compared to the US median value of $338,100. Additionally, Bakersfield has seen a significantly higher rate of house appreciation over the past year at 17.08%, compared to 8.27% nationwide. This means that homeowners in Bakersfield are seeing a much greater return on their investment than the average American homeowner. Overall, Bakersfield is an excellent place to purchase and invest in a home given its comparatively low prices and high rate of appreciation.
The median home cost in Bakersfield is $138,100. Home appreciation the last 10 years has been 92.6%. Home Appreciation in Bakersfield is up 21.4%.
Average Age of Homes
- The median age of Bakersfield real estate is 35 years old
The Rental Market in Bakersfield
- Renters make up 27.1% of the Bakersfield population
- 2.8% of houses and apartments in Bakersfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.