Is Bakersfield a good place to invest in real estate?
Is Bakersfield a good place to invest in real estate? With the year-over-year rise in Bakersfield home prices, it stands in the top 10% nationally for real estate appreciation. Bakersfield real estate has appreciated 150.36 percent over the last decade, equating to an annual appreciation rate of 9.61 percent on average.
Is Bakersfield a good place for rental property? Since it has more culture than ever before, its student population is thriving, which makes it a great place for investing in commercial properties. With its construction and healthcare industries steadily expanding, Bakersfield boasts an increasing number of higher-skilled positions.
Will house prices go down in Bakersfield CA? It is also 16.9 percent higher than November of 2020. California’s overall median home price declined 2 percent since October to $782,480, with Bakersfield’s median home price 57 percent below that, according to the report.
Why are Bakersfield houses so cheap? The reason why housing is much more affordable in Bakersfield than in any other area is that the city does not have the same income earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.