Real Estate Investing in Bakersfield, California (93309)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93309 (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 (93309)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93309 Bakersfield
This part of Kern County is not an easy win. The 93309 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,631/mo on a $350K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 93309 sits below the stated 0.0% once reality is priced in.
In the broader CA picture, 93309 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 93309 ZIP's population of 63,989 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
seems 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 Bakersfield:
Property Strategy for 93309
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $163,382 | $1,250 | 5.5% | +9.4% | $163,382 |
| 2BR | $247,814 | $1,620 | 4.7% | +7.4% | $123,907 |
| 3BR | $341,755 | $2,250 | 4.7% | +8.1% | $113,918 |
| 4BR | $421,451 | $2,720 | 4.6% | +7.6% | $105,363 |
| 5BR | $524,954 | — | — | +7.8% | $104,991 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93309 Compare?
| Metric | 93309 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $349,599 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 5.4% | 5.2% | N/A | 5.7% |
| Avg Rent | $1,631 | $1,858 | N/A | - |
| Cap Rate | 3.6% | 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 93309 (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 | $349,599 |
| Monthly Rent | $1,631 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
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 93309
Population: 63,989
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 93309
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
What does house hacking look like in Bakersfield, CA?
Bakersfield, CA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,631/mo rent level.
Does Bakersfield, CA favor landlords or tenants?
CA law tenant-protective for landlords, and Bakersfield inherits those rules. Investors should still review local ordinances for rental licensing.
What is the rental occupancy rate in Bakersfield, CA?
Bakersfield, CA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,631/mo.
How much rent can I charge in Bakersfield, CA?
Investors in Bakersfield, CA typically see rents near $1,631/mo per month against $350K home values - a solid setup for rental cash flow.
Are tenants stable in Bakersfield, CA?
Tenant demand in Bakersfield, CA is solid. The local workforce $1,631/mo rents across most rental classes.
You know 93309 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93309 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 93309 ranks in Bakersfield, CA
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