Bakersfield, CA (93305) is a great place to live, and the housing market reflects that. The housing median value in Bakersfield is $229,900, which is significantly lower than the US median house value of $338,100. Despite this difference in median values, Bakersfield has seen an impressive 11.35% 1 year appreciation rate compared to the US average of 8.27%. This suggests that properties in Bakersfield are attractive investments for potential homeowners and those looking to invest in real estate.
The median home cost in Bakersfield (zip 93305) is $229,900. Home appreciation the last 10 years has been 128.8%. Home Appreciation in Bakersfield (zip 93305) is up 17.0%.
Average Age of Homes
- The median age of Bakersfield (zip 93305) real estate is 60 years old
The Rental Market in Bakersfield (zip 93305)
- Renters make up 57.5% of the Bakersfield (zip 93305) population
- 1.9% of houses and apartments in Bakersfield (zip 93305), 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.