Foreclosure Homes in Bakersfield, CA

Current Market Conditions in Bakersfield, CA

The real estate market in Bakersfield shows a balanced mix of affordable housing options and increasing property values. The demand for homes has been steadily increasing, driven by the city's growth and development. Current listings suggest a variety of options, from starter homes to larger family residences, appealing to first-time buyers and investors alike.

Recent trends indicate a modest increase in home prices over the past year, with many buyers searching for properties in safe neighborhoods with good school systems. Investors see the potential in Bakersfield due to its growth trajectory and attractive price points compared to nearby areas in California.

Rent Prices In Bakersfield, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bakersfield, CA, is on a rollercoaster ride. The average rent price in Bakersfield, CA, is $1,549.00. Indeed, when looking to rent in Bakersfield, CA, you can expect to pay as little as $490.00 or as much as $5,480.00, with the average rent median estimated to be $1,520.00. The good news is that finding an affordable and desirable property to rent in Bakersfield, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.