Real Estate Investing in Lost Hills, California (93249)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93249 (Lost Hills, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lost Hills, CA (93249)?
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Market Analysis: 93249 Lost Hills
Investors eyeing 93249 need to respect the fundamentals at play. Home values of $264K come alongside slower price movement and elevated management overhead.
For an experienced owner, 93249 can be a a viable market for hunting ground — but the discount at $264K reflects genuine risk that outside investors often underestimate.
In the broader CA picture, 93249 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 93249 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 93249 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lost Hills:
Market Trends
Home Value History (with trend line)
📊 How Does 93249 Compare?
| Metric | 93249 | Lost Hills | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $263,635 | $263,635 | N/A | $761,003 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 5.7% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93249 (Lost Hills, 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 | $263,635 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.3%). 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 93249
Population: 2,164
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 93249
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
Is Lost Hills, CA good for landlords?
For rental operators, Lost Hills, CA rates as tenant-protective. The regulatory environment standard buy-and-hold operations.
How strong is tenant demand in Lost Hills, CA?
Lost Hills, CA draws a reliable base of working renters. Demand at the $1,125/mo rent level is reasonable for standard single-family and small multi rentals.
Is housing expensive in Lost Hills, CA?
Lost Hills, CA home values average about $264K. That price point suits investors targeting rentals with $1,125/mo in monthly income.
Do landlords face vacancy issues in Lost Hills, CA?
Rental vacancy in Lost Hills, CA is elevated. Investors should budget normal turnover but not chronic empty units.
Does a duplex house hack pencil in Lost Hills, CA?
The a challenging house-hack environment in Lost Hills, CA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 93249 now. You don’t know where it ranks.
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How 93249 ranks in Bakersfield, CA
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