Real Estate Investing in Onyx, California (93255)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93255 (Onyx, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 26.2% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 7.5% unemployment — tenant risk signal.
- Lower household income: $29,974 median — tenant affordability is tighter.
• 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 Onyx, CA (93255)?
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Market Analysis: 93255 Onyx
The 93255 ZIP in Onyx, CA is a local-operator market. Outside capital chasing a $244K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $244K asset, 93255 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 93255 sits on the difficult end of the CA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 93255 ZIP's population of 739 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Onyx:
Market Trends
Home Value History (with trend line)
📊 How Does 93255 Compare?
| Metric | 93255 | Onyx | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $244,236 | $244,236 | N/A | $761,003 |
| 5-Year CAGR | 2.3% | 2.3% | N/A | 5.7% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93255 (Onyx, 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 | $244,236 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +2.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.6%). 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 93255
Population: 739
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
Frequently Asked Questions
How much should I expect to pay for a home in Onyx, CA?
Onyx, CA median home values land near $244K. That is reasonable territory for investors looking at $1,125/mo-per-month rentals.
Does Onyx, CA favor landlords or tenants?
Onyx, CA falls under CA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
Do landlords face vacancy issues in Onyx, CA?
Onyx, CA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What do landlords charge for rent in Onyx, CA?
The typical rental in Onyx, CA commands about $1,125/mo monthly. That rent profile predictable cash flow against the $244K purchase basis.
Is Onyx, CA suited for a house hack?
House hacking works a challenging in Onyx, CA. Rents of $1,125/mo against $244K acquisition make the strategy solid for owner-occupants.
You know 93255 now. You don’t know where it ranks.
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How 93255 ranks in Bakersfield, CA
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