The housing market in 93311 Bakersfield, CA is very promising. With a median value of $437,100, it is much higher than the US house median value of $338,100. The appreciation rate for housing in this area is also higher than the national average, with an increase of 11.35% over the past year compared to 8.27%. This suggests that this area has potential for future growth and stability when it comes to property investments.
The median home cost in Bakersfield (zip 93311) is $437,100. Home appreciation the last 10 years has been 128.8%. Home Appreciation in Bakersfield (zip 93311) is up 17.0%.
Average Age of Homes
- The median age of Bakersfield (zip 93311) real estate is 18 years old
The Rental Market in Bakersfield (zip 93311)
- Renters make up 30.6% of the Bakersfield (zip 93311) population
- 0.9% of houses and apartments in Bakersfield (zip 93311), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.