The Most Affordable Neighborhoods in Bakersfield, MO by Home Value

 

Bakersfield, MO Map of Most Affordable Neighborhoods
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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 $86,124, lower than the Missouri average of $194,908.

The average cost of rent is $704/mo in Bakersfield, primarily driven by the current value of real estate in the Bakersfield area. While nearly 65.04% of residents own their homes outright in Bakersfield, 21.86% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bakersfield is $2,836 per month. Households that rent pay about 24.81% of their income on rent here. Bakersfield's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.


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