Bankruptcy Homes in Bakersfield, CA

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Home Value Estimator For Bakersfield, CA

There are currently 144,973 real estate properties in Bakersfield, CA, with a median automated valuation model (AVM) price of $350,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Bakersfield, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Bakersfield, CA, is $367,289.00, with the most expensive house in Bakersfield, CA, topping out at $9,711,500.00 and the cheapest home in Bakersfield, CA, clocking in at $13,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Bakersfield, CA!

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 $1,550.00. 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 $1,530.00. 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.

Top Reasons To Live In Bakersfield, CA In 2024

Bakersfield is located in Kern, California, with an estimated municipal population of 384,145 residents. All of the best foreclosed homes for sale in Bakersfield are located in the following zip code areas on 93306 93307 93304 93305 93301 93309 93314 93311 93313 93312 93302 93383 93384 93385 93387 93389 93390. The estimated population per square kilometer (.62 miles) in Bakersfield is 990.

Cost Of Living In Bakersfield, CA

So, about how much do homes cost in Bakersfield? The most recent median value of resident-owned homes in Bakersfield is 245,911. An estimated 59 percent of households in Bakersfield own their homes, with an average family size of 3.68. The median household income in Bakersfield is 63,139, with29.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Bakersfield, the median commute time of resident workers (in minutes) is 23. And last, but certainly not least, are you looking for homes to rent in Bakersfield? If so, the average rent price paid by renters in Bakersfield is 1,104, according to recent statistics.

Diversity And Demographics In Bakersfield, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Bakersfield, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Bakersfield is 30.8, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Bakersfield is 47.2, with an average family size of 3.68.

The percentage of residents who report their race in Bakersfield is as follows:

White 67.7%
Black / African American 7.6%
Asian 7.4%
American Indian / Alaskan Native 0.9%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 3.8%
Other 12.4%

Looking for family-friendly neighborhoods in and/or near Bakersfield? Or maybe you are searching for 55+ active adult communities in and/or near Bakersfield?

The percentage of residents who report their age in Bakersfield is as follows:

Under 10 16.6%
Aged 10-19 16%
20s 16.1%
30s 14.5%
40s 11.6%
50s 10.4%
60s 8.5%
70s 3.9%
80+ 2.4%

Best Schools In Bakersfield, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Bakersfield with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bakersfield.

Pros And Cons Of Living In Bakersfield, California

How do you know that living in -- or moving to -- Bakersfield is right where you need to be? Perhaps you grew up in Bakersfield or already live nearby; therefore, the decision to buy a home in Bakersfield is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bakersfield for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Bakersfield:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bakersfield.

Reasons To Move To Bakersfield, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bakersfield can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bakersfield, meanwhile, can field multiple offers from more qualified buyers.

Bakersfield, CA Bankruptcy Homes

How to Find and Buy a House in Bakersfield, California

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