Real Estate Investing in Bakersfield, California (93304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93304 (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 (93304)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93304 Bakersfield
Investors eyeing 93304 need to respect the fundamentals at play. Home values of $296K come alongside slower price movement and elevated management overhead.
The investment case in 93304 is impressive only for operators who understand what they are buying. A $296K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 93304 sits on the difficult end of the CA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
On the rental side, 51,457 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.
The right play in 93304 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 Bakersfield:
Property Strategy for 93304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $182,830 | $1,100 | 4.3% | +7.8% | $182,830 |
| 2BR | $234,836 | $1,430 | 4.4% | +7.6% | $117,418 |
| 3BR | $299,161 | $1,990 | 4.8% | +8.9% | $99,720 |
| 4BR | $324,448 | $2,400 | 5.3% | +9.4% | $81,112 |
| 5BR | $380,330 | — | — | +9.4% | $76,066 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93304 Compare?
| Metric | 93304 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $296,306 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 6.3% | 5.2% | N/A | 5.7% |
| Avg Rent | $1,443 | $1,858 | N/A | - |
| Cap Rate | 3.8% | 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 93304 (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 | $296,306 |
| Monthly Rent | $1,443 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 93304
Population: 51,457
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 93304
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 12,993 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is CA a landlord-friendly state?
The landlord environment in Bakersfield, CA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
How should investors approach Bakersfield, CA?
Most investors in Bakersfield, CA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical home price in Bakersfield, CA?
Homes in Bakersfield, CA typically sell near $296K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Does house hacking make sense in Bakersfield, CA?
House hacking works a challenging in Bakersfield, CA. Rents of $1,443/mo against $296K acquisition make the strategy solid for owner-occupants.
Should investors worry about vacancy in Bakersfield, CA?
Vacancy in Bakersfield, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,443/mo.
You know 93304 now. You don’t know where it ranks.
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How 93304 ranks in Bakersfield, CA
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