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These days, finding an affordable place to live in the Bakersfield area can be challenging. Home prices in Bakersfield are now at a median cost of $334,082, lower than the California average of $812,006.
The average cost of rent is $1,610/mo in Bakersfield, primarily driven by the current value of real estate in the Bakersfield area. In Bakersfield, 39.94% of households rent, and 36.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bakersfield is $6,943 per month. Households that rent pay about 23.19% of their income on rent here. Bakersfield’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oildale, CA: less expensive homes
- Pumpkin Center, CA: equally priced homes
- Lamont, CA: less expensive homes
- Edison, CA: equally priced homes
- Weedpatch, CA: less expensive homes
- Cawelo, CA: higher priced homes
- Di Giorgio, CA: less expensive homes
- Edmundson Acres, CA: less expensive homes
- Arvin, CA: less expensive homes
- Mexican Colony, CA: higher priced homes
Cities with Similar Populations
- Erie, PA: less expensive homes
- Elizabeth, NJ: higher priced homes
- Edison, NJ: higher priced homes
- Ellicott City, MD: higher priced homes
- Costa Mesa, CA: higher priced homes
- Clarksville, TN: less expensive homes
- Cumming, GA: higher priced homes
- Compton, CA: higher priced homes
- Cleveland, OH: less expensive homes
- Columbia, MD: higher priced homes
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