Is Bakersfield Good Place To Invest?

Since it has more culture than ever before, its student population is thriving, which makes it a great place for investing in commercial properties. With its construction and healthcare industries steadily expanding, Bakersfield boasts an increasing number of higher-skilled positions.

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.

Why is Bakersfield so cheap?

The reason why housing is much more affordable in Bakersfield than in any other area is that the city does not have the same income earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.

Will house prices go down in Bakersfield CA?

It is also 16.9 percent higher than November of 2020. California’s overall median home price declined 2 percent since October to $782,480, with Bakersfield’s median home price 57 percent below that, according to the report.

Is Bakersfield a good place to buy a home?

The annual report is based on the quality of life, desirability, job market, value and housing. BAKERSFIELD, Calif. — The U.S. News World Report’s has just released its top places to live in 2019 — and Bakersfield made the cut.

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.

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.

Is it worth living in Bakersfield CA?

But people who consider putting down roots in the area will find a healthy job market and an affordable place to raise a family. In fact, it’s Bakersfield’s strong sense of community and family and its booming oil and agriculture industries that keep the region thriving.

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.

Will home prices drop in 2023 California?

When home buyer demand declines, we tend to see an overall slowdown in the real estate market. That’s a trend we could see more of through the rest of 2022 and into 2023. Housing costs have a lot to do with this. Both mortgage rates and home prices have risen substantially over the past year.

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.

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.

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.

What is Bakersfield best known for?

Bakersfield is famous for being the home of country music singers Merle Haggard and Buck Owens, and has the nickname “the country music capital of the West Coast.” Other than that Bakersfield is also famous for Kern River Golf Course, Hiking Trails, Zoos, River Rafting & Tubing, Nature & Wildlife Tours Bakersfield.

Is Bakersfield toxic?

Bakersfield has made yet another “run for your lives” list, this time ranking No. 2 on Forbes.com’s list of the “most toxic cities” in the United States.

Are there beaches in Bakersfield California?

Santa Barbara is probably the closest coastal city to Bakersfield as the crow flies, but the Santa Inez mountains make it tough to get there directly. Instead the fastest three options are the beaches in Santa Monica, Ventura, and the coast of San Luis Obispo at Avila Beach, Pismo Beach, and Morro Bay.

Is Fresno more expensive than Bakersfield?

The cost of living in Bakersfield, CA is 1.2% higher than in Fresno, CA.

Is Bakersfield a large city?

The city covers about 151 sq mi (390 km²) near the southern end of the San Joaquin Valley and the Central Valley region. Bakersfield’s population as of the 2020 census was 403,455, making it the 48th-most populous city in the United States of America and the 9th-most populous city in California.

How is the economy in Bakersfield?

– The Sales Tax Rate for Bakersfield is 7.3%. The US average is 7.3%.
Income and Salaries for Bakersfield.

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%