Real Estate Investing in Bakersfield, California (93311)
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Should you buy in 93311 (Bakersfield, CA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 (93311)?
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Market Analysis: 93311 Bakersfield
The 93311 ZIP in Bakersfield, CA is a local-operator market. Outside capital chasing a $477K entry has to pair deep knowledge with the discount.
Meanwhile, the numbers look inviting — $477K purchase price, 0.0% nominal cap — the work to hit that pro forma in 93311 is substantial and deserves full respect.
Put differently, 93311 offers a low basis, the region around Bakersfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 93311 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 93311 is an operator game, not a passive one. From a cash-flow lens, entry prices of $477K 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 93311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $379,875 | $2,140 | 4.1% | +6.8% | $189,937 |
| 3BR | $419,214 | $2,980 | 5.1% | +7.4% | $139,738 |
| 4BR | $492,548 | $3,590 | 5.2% | — | $123,137 |
| 5BR | $557,044 | — | — | +7.2% | $111,409 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 93311 Compare?
| Metric | 93311 | Bakersfield | Bakersfield, CA | California |
|---|---|---|---|---|
| Home Value | $476,753 | $391,096 | N/A | $761,003 |
| 5-Year CAGR | 4.5% | 5.2% | N/A | 5.7% |
| Avg Rent | $2,059 | $1,858 | N/A | - |
| 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 93311 (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 | $476,753 |
| Monthly Rent | $2,059 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | -7.7% ▼ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +1.6% ▲ |
The current 30-yr mortgage rate (7.0%) 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 93311
Population: 52,505
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 93311
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 1,742 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 shows an investability rating of 3.0/5, with median home values near $477K and average rents around $2,059/mo. That combination puts it in the significant tier for investor interest.
What is the typical vacancy rate in Bakersfield, CA?
Vacancy risk in Bakersfield, CA is elevated. That supports predictable cash flow for typical rental holds.
What is the typical rental rate in Bakersfield, CA?
Rents in Bakersfield, CA run near $2,059/mo. Compared with median home prices of $477K that produces solid gross yields for typical rentals.
How do home values compare in Bakersfield, CA?
Bakersfield, CA median home values land near $477K. That is reasonable territory for investors looking at $2,059/mo-per-month rentals.
Are tenants stable in Bakersfield, CA?
Tenant demand in Bakersfield, CA is solid. The local workforce $2,059/mo rents across most rental classes.
You know 93311 now. You don’t know where it ranks.
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How 93311 ranks in Bakersfield, CA
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