Real Estate Investing in Bakersfield, California (93306)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93306 (Bakersfield, CA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Bakersfield, CA (93306)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93306 Bakersfield
The 93306 ZIP in Bakersfield, CA is a local-operator market. Outside capital chasing a $352K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $352K asset, 93306 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 93306 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 93306 ZIP's population of 73,370 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategically, 93306 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Bakersfield:
Property Strategy for 93306
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $170,587 | $1,170 | 4.9% | +12.5% | $170,587 |
| 2BR | $265,701 | $1,520 | 4.1% | +6.7% | $132,850 |
| 3BR | $327,336 | $2,110 | 4.6% | +8.1% | $109,112 |
| 4BR | $405,111 | $2,550 | 4.5% | +7.8% | $101,278 |
| 5BR | $493,455 | — | — | +7.3% | $98,691 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93306 Compare?
| Metric | 93306 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $351,611 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 5.4% | 5.2% | N/A | 5.7% |
| Avg Rent | $1,736 | $1,858 | N/A | - |
| Cap Rate | 3.9% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93306 (Bakersfield, CA). Anonymous, moderated, never written by AI.
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Property managers serving Kern County
Manage rentals here? List your business →Aipmbakersfield.com is a premium expired .com domain for sale on GoDaddy. summary from their website
Mashcole Property Management, Inc. is a full-service property management company serving Los Angeles, Long Beach, Calabasas, Torrance, San Fernando Valley, Orange County, Downey, Anaheim, Riverside Co summary from their website
Coming Soon re-synergy.com We're under construction. Please check back for an update soon. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $351,611 |
| Monthly Rent | $1,736 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93306
Population: 73,370
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93306
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 11,251 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Bakersfield, CA a good market for buy-and-hold investors?
With a 3.0/5 investability score, Bakersfield, CA ranks as a solid market for rental property investors. Median prices of $352K and rents of $1,736/mo drive the underlying numbers.
What is the tenant pool like in Bakersfield, CA?
Bakersfield, CA offers a even-keeled renter base at the $1,736/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much rent can I charge in Bakersfield, CA?
The typical rental in Bakersfield, CA commands about $1,736/mo monthly. That rent profile measured cash flow against the $352K purchase basis.
What type of investing works in Bakersfield, CA?
Bakersfield, CA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($352K prices, $1,736/mo rents) make it a reasonable choice.
How do home values compare in Bakersfield, CA?
Bakersfield, CA home values average about $352K. That price point suits investors targeting rentals with $1,736/mo in monthly income.
You know 93306 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93306 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93306 ranks in Bakersfield, CA
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