The Oaks has a cost of living adjustment score of 108.0, which is expensive when compared to others in Bakersfield. Also, the area is considered affluent with a median income of $79,691 per household. Homes in The Oaks are of moderate age with a median age of 19 years. The top school in the neighborhood is Discovery Elementary School.
The median value of homes in The Oaks is $218,000, making it one of the most valuable areas in Bakersfield. At the same time, the average list price of available homes is presently $248,500.
The typical dwelling in The Oaks is a three-bedroom detached home worth about $246,296. To purchase a similar home, a buyer with good credit and a $49,259 cash down payment could obtain a mortgage with a 3.95% interest rate and a $87 monthly payment. The property tax rate is $11.82 per $1,000 of taxable assessed value.
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