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 good to invest in Bakersfield?
Short-term real estate investors have found success in Bakersfield over the last twelve months. Bakersfield appreciation rates were 8.40 percent in the most recent quarter, equating to an annual appreciation rate of 38.05 percent.
Are home prices going down in Bakersfield CA?
Bakersfield, CA has 153 homes for sale to choose from. Between June 2022 and July 2022, Bakersfield, CA real estate market has seen decrease in the number of listings by 1.9%. In July 2022 median list price was $380,000 and the average listing age was 14 days.
Is Bakersfield a good place to buy a home?
Located just two hours north of Los Angeles on the Kern River and right next to the Sequoia National Forest lies the city of Bakersfield, California. This southern California city in Kern County is considered a good place to live due to its high quality of life, affordability, and available housing.
How healthy is Bakersfield California real estate?
Bakersfield Home Appreciation Rates
Bakersfield real estate appreciated 145.23% over the last ten years, which is an average annual home appreciation rate of 9.38%, putting Bakersfield in the top 10% nationally for real estate appreciation.
Which is better Fresno or Bakersfield?
Both are affordable California cities with a central location, but they have plenty of differences to consider. Bakersfield generally has a lower cost of living, a famous music scene, and great parks while Fresno has an active nightlife and great cultural destinations.
Is Bakersfield CA growing?
The California Department of Finance has released its annual population estimates for the state as of January 2021 and it shows Bakersfield continues to grow! The new population estimate has crept even closer to the 400,000 mark, with an estimate of 397,392.
Will home prices drop in 2023 California?
House prices will also decline as affordability constraints bite, but tight markets and a lack of forced sellers means we expect the drop to be relatively modest, with annual growth falling to -5% by mid-2023,” wrote Capital Economics in its latest outlook.
What is the best part of Bakersfield to live?
Seven Oaks
Rated as the safest neighborhood in the city of Bakersfield, many families are flocking to the area for its great amenities and top-rated schools. With plenty of commercial spaces nearby, living in Seven Oaks is never boring. Featuring many restaurants and shopping areas, Seven Oaks prioritizes convenience.
How much does it cost to build a house in Bakersfield CA?
between $350,000 and $400,000
How much does it cost to build a home in Bakersfield. The average cost to build a house in Bakersfield is between $350,000 and $400,000. The cost can be higher or lower depending on a number of factors: The type of house and where’s it built (on-site vs.
Why is everyone moving to Bakersfield?
Bakersfield Real Estate Market | Average Rent in Bakersfield & Home Prices. Bakersfield is one of the top destinations for people moving in California thanks to its low cost of living and, in particular, affordable Bakersfield home prices compared to the rest of the state.
Why is Bakersfield getting expensive?
“That’s called L.A. prices.” Bakersfield’s housing market has tightened drastically in recent years as a shortage of both apartments and homes for rent has met with heightened demand from people moving in from outside the area during the pandemic’s loosening of in-person workplace restrictions.
Who’s the richest person in Bakersfield?
Buck Owens
Buck Owens is the richest person in Bakersfield — so reports Worth magazine in its March 2002 profile of the 100 richest people in America’s 100 largest cities.
Is there rent control in Bakersfield California?
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.
What is the cost of living in Bakersfield California?
Bakersfield cost of living is 102.6
| COST OF LIVING | Bakersfield | California |
|---|---|---|
| Grocery | 99 | 105.1 |
| Health | 88.8 | 92.4 |
| Housing | 105 | 239.1 |
| Median Home Cost | $311,100 | $684,800 |
How many houses are in Bakersfield?
There are 125,143 housing units in Bakersfield, and the median year in which these properties were built is 1988. Of the 118,568 occupied housing units in Bakersfield, 59.43% are owner-occupied, while 40.57% have renters living in them.
What is the city of Bakersfield known for?
Dubbed “Nashville West,” Bakersfield is renowned for its contributions to country music and is the home of many recording artists, including Merle Haggard and Buck Owens. Educational institutions include Bakersfield (community) College (founded 1913) and California State University, Bakersfield (1965).
Are there beaches in Bakersfield California?
Pismo Beach is a favorite vacation destination for Bakersfield residents. The heart of Pismo Beach is Pomeroy Avenue, which leads to the pier.
Is Bakersfield a good place to live 2020?
The annual report is based on the quality of life, desirability, job market, value and housing. BAKERSFIELD, Calif.
What percent of Bakersfield is black?
Bakersfield Demographics
White: 61.08% Other race: 14.41% Two or more races: 8.85% Black or African American: 7.41%
Is Bakersfield a safe city?
How safe is Bakersfield, CA? The metropolitan area’s violent crime rate was higher than the national rate in 2020. Its rate of property crime was higher than the national rate.