Real Estate Investing in Frazier Park, California (93243)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93243 (Frazier Park, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 35.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
- 1-year downturn: Values declined 4.2% in the last year.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Frazier Park, CA (93243)?
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Market Analysis: 93243 Frazier Park
This part of Kern County is not an easy win. The 93243 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 93243 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Frazier Park have seen price recovery that 93243 has not matched. Kern County data supports the view that the spread is structural rather than temporary.
Put differently, 900 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 93243 is an operator game, not a passive one. Looking more closely, entry prices of $374K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Frazier Park:
Market Trends
Home Value History (with trend line)
📊 How Does 93243 Compare?
| Metric | 93243 | Frazier Park | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $373,814 | $349,631 | N/A | $761,003 |
| 5-Year CAGR | 1.5% | 2.5% | N/A | 5.7% |
| Avg Rent | $1,863 | $1,882 | N/A | - |
| Cap Rate | 3.9% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93243 (Frazier Park, 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 | $373,814 |
| Monthly Rent | $1,863 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | -4.2% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 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 93243
Population: 900
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 93243
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.
Frequently Asked Questions
What is the average monthly rent in Frazier Park, CA?
Expect rents around $1,863/mo per month in Frazier Park, CA. With home values at $374K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Frazier Park, CA?
Frazier Park, CA offers a consistent renter base at the $1,863/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Frazier Park, CA a smart market for rental property?
The 2.0/5 investability rating in Frazier Park, CA reflects its $374K prices and $1,863/mo rents. Investors generally consider it a solid option within CA.
Where do home prices stand in Frazier Park, CA?
Frazier Park, CA median home values land near $374K. That is reasonable territory for investors looking at $1,863/mo-per-month rentals.
Are there empty rentals in Frazier Park, CA?
Vacancy in Frazier Park, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,863/mo.
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