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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 $118,141, lower than the Texas average of $322,096.
The average cost of rent is $659/mo in Bakersfield, primarily driven by the current value of real estate in the Bakersfield area. In Bakersfield, 31.21% of households rent, and 92.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bakersfield is $6,751 per month. Households that rent pay about 9.76% of their income on rent here. Bakersfield’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Iraan, TX: equally priced homes
- Fort Stockton, TX: higher priced homes
- Ozona, TX: higher priced homes
- Balmorhea, TX: less expensive homes
- Eldorado, TX: higher priced homes
- Fort Mc Kavett, TX: higher priced homes
- Lobo, TX: equally priced homes
- Menard, TX: equally 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: less expensive homes
- Henson Springs, AL: less expensive homes
- Hereford, CO: higher priced homes
- Wallis Run, PA: higher priced homes
- Smuteye, AL: less expensive homes
- Hickory Grove, TN: equally priced homes
- House, NM: higher priced homes
- Selma, OH: higher priced homes
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