Real Estate Investing in Bakersfield, California (93308)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93308 (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 (93308)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93308 Bakersfield
Looking more closely, ZIP 93308 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $350K median. It rewards specialists, not generalists.
On the rental side, the numbers look inviting — $350K purchase price, 0.0% nominal cap — the work to hit that pro forma in 93308 is substantial and deserves full respect.
Statewide comparisons place 93308 among CA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 93308 includes headwinds that any investor should price in. Income distribution skews lower than Bakersfield averages, and tenant stability requires active management.
Strategically, 93308 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Bakersfield:
Property Strategy for 93308
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $166,235 | $1,210 | 5.2% | +6.5% | $166,235 |
| 2BR | $221,750 | $1,580 | 5.1% | +8.8% | $110,875 |
| 3BR | $352,966 | $2,200 | 4.5% | +8.0% | $117,655 |
| 4BR | $443,374 | $2,650 | 4.3% | +7.4% | $110,844 |
| 5BR | $534,365 | — | — | +7.2% | $106,873 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93308 Compare?
| Metric | 93308 | Bakersfield | California |
|---|---|---|---|
| Home Value | $349,770 | $391,096 | $761,003 |
| 5-Year CAGR | 5.4% | 5.2% | 5.7% |
| Avg Rent | $1,543 | $1,858 | - |
| Cap Rate | 3.4% | 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 93308 (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 | $349,770 |
| Monthly Rent | $1,543 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +0.2% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 93308
Population: 55,788
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 93308
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 11,251 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Bakersfield, CA for real estate investors?
Bakersfield, CA scores 3.0/5 for investability. Home values sit at $350K and rents near $1,543/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Bakersfield, CA?
Median home price in Bakersfield, CA is near $350K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Should investors worry about vacancy in Bakersfield, CA?
Bakersfield, CA sees elevated vacancy, which is reasonable relative to the broader CA rental market.
How viable is house hacking in Bakersfield, CA?
House hacking in Bakersfield, CA is a challenging. With home values around $350K and rents at $1,543/mo, owner-occupants can offset a meaningful share of PITI.
How strong are rents in Bakersfield, CA?
Investors in Bakersfield, CA typically see rents near $1,543/mo per month against $350K home values - a solid setup for rental cash flow.
You know 93308 now. You don’t know where it ranks.
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Community Ratings
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