Bakersfield, CA (93309) is known for its high housing values and appreciation. According to the data, the median value of houses in Bakersfield is $308,500, which is significantly lower than the US house median value of $338,100. However, it has seen greater appreciation over the past year than the national average with an increase of 11.35%, compared to the US 1 year house appreciation rate of 8.27%. This makes Bakersfield an attractive option for those looking to invest in real estate and take advantage of its high appreciation rates.
The median home cost in Bakersfield (zip 93309) is $308,500. Home appreciation the last 10 years has been 128.8%. Home Appreciation in Bakersfield (zip 93309) is up 17.0%.
Average Age of Homes
- The median age of Bakersfield (zip 93309) real estate is 41 years old
The Rental Market in Bakersfield (zip 93309)
- Renters make up 50.1% of the Bakersfield (zip 93309) population
- 1.2% of houses and apartments in Bakersfield (zip 93309), 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.