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Bakersfield real estate market overview
- Average Monthly Rent: $1,060
- Home Price/Value Percentage Change: 4.00%
- Median Home Value: $252,161
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 68
- Job Market: Weak
- Public School Ranking: 38
Location and weather
Bakersfield is a city in Kern County, about 120 miles south of Los Angeles, and is located in South-Central California. The city is in the Central Valley Region along the Kern River. Bakersfield is known for both agriculture and energy production. Kern County is the most productive oil-producing county and the fourth-most productive agricultural county (by value) in the United States. Nearby vineyards produce about one-tenth of the wine made in California.
The California Living Museum, a zoo, botanical gardens, and a natural history museum are just some of the places that attract tourists and entertain Bakersfield residents. Other museums include the Bakersfield Museum of Art, Kern County Museum, and Lori Brock Children's Discovery Center. Bakersfield is also known as "Nashville West" because of its contributions to country music. The city's educational institutions include Bakersfield College and California State University.
Bakersfield summers are warm, arid, and clear, while the winters are cold and partly cloudy. The summer temperatures are the 90's, with lows in the 70's. The winter temperatures are in the 60's, with lows in the 40's.
Population, job market and cost of living
Bakersfield's population in 2019 was 373,680, with a growth rate of 12.3%.
The job growth has increased by 1.21% over the last year and in ten years, is predicted to have increased by 21.43%. The major industries are in agriculture, forestry, fishing, hunting, healthcare, social assistance and retail trade. The largest employers are Western Power Products, Grimmway Farms, Bakersfield City School District, KCSOS and KS Industries LP.
The cost of living is moderate, due to the Bakersfield real estate market and the cost of available housing. With an agricultural and energy production job base, nearby vineyards, growing tourism to the city's cultural, arts and educational institutions, rich country music heritage and moderate cost of living, Bakersfield will continue to attract workers and families to live in this scenic South-Central California city.
Bakersfield real estate market details
- Seven Oaks
- Tevis Ranch