Bakersfield, CA is a great place to call home. According to recent data, the median value of a house in Bakersfield is $249,500 which is significantly lower than the US median value of $338,100. Additionally, Bakersfield is experiencing higher appreciation rates than the national average with an increase of 11.35% over the past year as compared to 8.27% nationally. These factors make buying or renting a property in this area both economical and wise from an investment standpoint.
The median home cost in Bakersfield (zip 93304) is $249,500. Home appreciation the last 10 years has been 128.8%. Home Appreciation in Bakersfield (zip 93304) is up 17.0%.
Average Age of Homes
- The median age of Bakersfield (zip 93304) real estate is 54 years old
The Rental Market in Bakersfield (zip 93304)
- Renters make up 52.9% of the Bakersfield (zip 93304) population
- 1.2% of houses and apartments in Bakersfield (zip 93304), 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.