The housing market in the Bakersfield, CA Metro Area is currently quite stable and healthy. The median value of a house is $334,900, which is slightly lower than the US House Median Value of $338,100. Over the past year, the US House Appreciation was 8.27%, while the House 1 year appreciation in Bakersfield, CA was 6.59%. This indicates that homeowners in the area are still able to benefit from a steady appreciation rate even if it is lower than national levels. With low interest rates and a stable housing market, buyers and sellers can be confident when making decisions about their real estate investments in Bakersfield.
The median home cost in Bakersfield Metro Area is $334,900. Home appreciation the last 10 years has been 137.5%. Home Appreciation in Bakersfield Metro Area is up 16.1%.
Average Age of Homes
- The median age of Bakersfield Metro Area real estate is 35 years old
The Rental Market in Bakersfield Metro Area
- Renters make up 38.4% of the Bakersfield Metro Area population
- 1.6% of houses and apartments in Bakersfield Metro Area, 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.