Real Estate Investing in Bakersfield, California (93301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93301 (Bakersfield, CA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Elevated poverty: 33.3% poverty rate — can affect rent collection.
- Lower household income: $37,294 median — tenant affordability is tighter.
What’s happening in Bakersfield, CA (93301)?
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Market Analysis: 93301 Bakersfield
Not every below-median market is a bargain. Bakersfield's 93301 ZIP records signals that favor experienced operators who can absorb the risk $311K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 93301 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 93301's metrics run below Kern County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Looking more closely, 14,026 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 93301 is an operator game, not a passive one. From an investor standpoint, entry prices of $311K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Bakersfield:
Property Strategy for 93301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $224,174 | $1,330 | 4.3% | +5.9% | $112,087 |
| 3BR | $321,061 | $1,850 | 4.1% | +7.2% | $107,020 |
| 4BR | $472,837 | $2,230 | 3.4% | +7.6% | $118,209 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93301 Compare?
| Metric | 93301 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $310,512 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 5.0% | 5.2% | N/A | 5.7% |
| Avg Rent | $1,287 | $1,858 | N/A | - |
| Cap Rate | 3.2% | 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 93301 (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 | $310,512 |
| Monthly Rent | $1,287 |
| Price-to-Rent | 20.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -12.8% ▼ |
| 3-Year CAGR | -2.8% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 93301
Population: 14,026
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 93301
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Abraham Lincoln Jr. High
College Heights Elementary
Jefferson Elementary
Longfellow Elementary
Myra A. Noble Elementary
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 12,993 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Bakersfield, CA?
Bakersfield, CA rentals go for roughly $1,287/mo a month. That puts gross yield in solid territory relative to $311K acquisition costs.
What kind of tenants rent in Bakersfield, CA?
Bakersfield, CA offers a consistent renter base at the $1,287/mo rent level. Tenant turnover is reasonable for well-managed properties.
How expensive is real estate in Bakersfield, CA?
The median home value in Bakersfield, CA is roughly $311K. That puts it reasonable relative to the CA statewide average.
Is Bakersfield, CA good for landlords?
Bakersfield, CA falls under CA landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
What is the typical vacancy rate in Bakersfield, CA?
Bakersfield, CA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 93301 now. You don’t know where it ranks.
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How 93301 ranks in Bakersfield, CA
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