Home Price Key
Affordable
Average
Expensive
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 $71,625, lower than the Texas average of $235,268.
The average cost of rent is $1,054/mo in Bakersfield, primarily driven by the current value of real estate in the Bakersfield area. While nearly 81.45% of residents own their homes outright in Bakersfield, 21.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bakersfield is $5,145 per month. Households that rent pay about 20.49% of their income on rent here. Bakersfield's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Iraan, TX: higher priced homes
- Fort Stockton, TX: higher priced homes
- Ozona, TX: higher priced homes
- Balmorhea, TX: higher priced homes
- Eldorado, TX: higher priced homes
- Fort Mc Kavett, TX: higher priced homes
- Lobo, TX: higher priced homes
- Menard, TX: higher priced homes
- Hext, TX: higher priced homes
- Calf Creek, TX: higher priced homes
Cities with Similar Populations
- Wells, KS: higher priced homes
- Crawford, OK: higher priced homes
- Helvetia, WV: higher priced homes
- Henson Springs, AL: equally priced homes
- Hereford, CO: higher priced homes
- Wallis Run, PA: higher priced homes
- Smuteye, AL: higher priced homes
- Hickory Grove, TN: higher priced homes
- House, NM: higher priced homes
- Selma, OH: higher priced homes
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