Real Estate Investing in Bakersfield, California (93307)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93307 (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.
- Elevated poverty: 23.3% poverty rate — can affect rent collection.
What’s happening in Bakersfield, CA (93307)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93307 Bakersfield
The 93307 ZIP covers a section of Bakersfield that demands careful diligence. Prices near $320K look accessible, but the work to make a deal cash flow is real.
Rent of $1,772/mo on a $320K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 93307 sits below the stated 0.0% once reality is priced in.
ZIP 93307'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, 88,233 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.
Experienced landlords with local relationships tend to find 93307 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bakersfield:
Property Strategy for 93307
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $146,537 | $1,070 | 5.3% | +2.8% | $146,537 |
| 2BR | $210,849 | $1,390 | 4.7% | +6.8% | $105,425 |
| 3BR | $309,053 | $1,930 | 4.5% | +9.1% | $103,018 |
| 4BR | $357,211 | $2,330 | 4.7% | +8.7% | $89,303 |
| 5BR | $404,891 | — | — | +8.3% | $80,978 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93307 Compare?
| Metric | 93307 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $319,614 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 6.4% | 5.2% | N/A | 5.7% |
| Avg Rent | $1,772 | $1,858 | N/A | - |
| Cap Rate | 4.3% | 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 93307 (Bakersfield, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 93307 (Bakersfield, CA)?
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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 | $319,614 |
| Monthly Rent | $1,772 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +10.3% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 93307
Population: 88,233
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 93307
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 housing expensive in Bakersfield, CA?
Bakersfield, CA median home values land near $320K. That is reasonable territory for investors looking at $1,772/mo-per-month rentals.
What are vacancy rates like in Bakersfield, CA?
Bakersfield, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.
Are landlord laws favorable in Bakersfield, CA?
Rental owners in Bakersfield, CA deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
How much is rent in Bakersfield, CA?
Rents in Bakersfield, CA run near $1,772/mo. Compared with median home prices of $320K that produces solid gross yields for typical rentals.
Does a duplex house hack pencil in Bakersfield, CA?
For house hackers, Bakersfield, CA is a challenging. The $1,772/mo rent on a unit helps defray the mortgage on a $320K property.
You know 93307 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93307 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93307 ranks in Bakersfield, CA
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