Bakersfield, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Bakersfield Neighborhoods Since 2000




Bakersfield, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bakersfield Housing Market Information

With 373,640 people, 112,439 houses or apartments, and a median cost of homes of $221,213, Bakersfield real estate values are some of the lowest in California, although compared to real estate around the nation, Bakersfield homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Bakersfield, accounting for 70.63% of the city's housing units. Other types of housing that are prevalent in Bakersfield include large apartment complexes or high rise apartments ( 13.60%), duplexes, homes converted to apartments or other small apartment buildings ( 10.84%), and a few row houses and other attached homes ( 2.72%).

The most prevalent building size and type in Bakersfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.87% owning and 44.13% renting.

There is a lot of housing in Bakersfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bakersfield built between 2000 and later ( 28.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.59%). There's also some housing in Bakersfield built before 1939 ( 3.43%).

Bakersfield Home Appreciation Rates

Homes have actually lost value in Bakersfield over the last then years, as home values have seen a decline of 29.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Bakersfield home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.52%.

Over the last year, Bakersfield appreciation rates have trailed the rest of the nation. In the last twelve months, Bakersfield's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bakersfield were at -0.13%, which equates to an annual appreciation rate of -0.52%.

Relative to California, our data show that Bakersfield's latest annual appreciation rate is lower than 90% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bakersfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bakersfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bakersfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$221,213

Bakersfield, CA HOME PRICES

Value Range
> $1,261,000 0.4
$945,001 - $1,261,000 0.6
$630,001 - $945,000 2.2
$504,001 - $630,000 2.9
$378,001 - $504,000 8.2
$252,001 - $378,000 25.8
$126,001 - $252,000 37.3
$63,001 - $126,000 15.5
$0 - $63,000 7.1

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
27.4756826438533 82.8042328042328

Number Of Homes And Apartments:
112,439

Bakersfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
77.62% 3.39% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,270 / per month

Homeownership Rate

Homeownership
Owners 55.87
Renters 44.13
Vacant 6.73

Housing Market Details

 

Age of Homes

AGE OF Bakersfield HOMES
2000 or Newer 28.8
1970 - 1999 48.1
1940 - 1969 19.6
1939 or Older 3.4

Types of Homes

TYPE OF Bakersfield HOMES
Single-Family 70.6
Townhomes 2.7
Small Apt. Buildings 10.8
Apt. Complexes 13.6
Mobile Homes 2.1
Other 0.1

Home Size

SIZE OF Bakersfield HOMES
No Bedroom 2.27
1 Bedroom 7.24
2 Bedrooms 21.87
3 Bedrooms 42.86
4 Bedrooms 22.01
5 or more bedrooms 3.75