How is the housing market in Bakersfield?

How is the housing market in Bakersfield?

In September 2021, Bakersfield home prices were up 19.3% compared to last year, selling for a median price of $346K. On average, homes in Bakersfield sell after 13 days on the market compared to 16 days last year. There were 562 homes sold in September this year, down from 649 last year.

How healthy is real estate in Bakersfield California?

Bakersfield real estate appreciated 123.08% over the last ten years, which is an average annual home appreciation rate of 8.35%, putting Bakersfield in the top 10% nationally for real estate appreciation.

How much do you think the average house costs in Bakersfield?

Bakersfield cost of living is 102.6

COST OF LIVING Bakersfield California
Housing 105 239.1
Median Home Cost $311,100 $684,800
Utilities 111.7 102.4
Transportation 103.6 133.1

Is Bakersfield a good rental market?

Bakersfield ranks 70th in most expensive rental markets; ranks 12th for most affordable city to buy a home. (KGET) — A new report shows Bakersfield broke the top 100 for most expensive rental market in the nation last month. Meanwhile, the city ranked as the 12th most affordable city in the U.S. when buying a home.

Is Bakersfield a good place to invest?

Known as the West Coast capital of country music, Bakersfield is otherwise a low-profile city in the Kern County. Since it has more culture than ever before, its student population is thriving, which makes it a great place for investing in commercial properties.

Is it expensive to live in Bakersfield?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

Is Bakersfield cheap to live?

According to the U.S. News World Report, “Bakersfield is more affordable than most other parts of California.” It states, “purchasing a home in Bakersfield can cost three times less than in Los Angeles.”

Is Bakersfield a rent control City?

BAKERSFIELD, Calif. (KBAK/KBFX) — The state of California recently passed AB 1482, a rent control bill intended to help ease the housing crisis across the state. Under the new law, landlord s will only be able to raise the rent for an existing tenant by five percent after inflation, annually for a ten year period.

How much does a house cost in Bakersfield CA?

Bakersfield, CA Real Estate & Homes for Sale. Homes for Sale in Bakersfield, CA have a median listing price of $259,900 and a price per square foot of $147. There are 1,522 active homes for sale in Bakersfield, California, which spend an average of 59 days on the market. Some of the hottest neighborhoods near Bakersfield, CA are Seven Oaks,…

Is it a seller’s market in Bakersfield CA?

Bakersfield, CA is a seller’s market in July 2021, which means that there are more people looking to buy than there are homes available. Chart with 36 data points. The chart has 1 X axis displaying categories.

Where are the best places to live in Bakersfield CA?

Some of the best neighborhoods in or around Bakersfield, California are Seven Oaks, Laurelglen and Oleander-Sunset. Consider buying or renting a home in one of these popular neighborhoods. Bakersfield is a city in California and consists of 69 neighborhoods.