Bakersfield's January First-Time Homebuyer Report

With 347,483 residents, Bakersfield is the ninth-most populated city in California. Also, with a 38.8% increase over the last 10 years, its population is growing faster than other parts of the state. Its three largest zip codes are 93307, 93306, and 93309. With an ownership ratio of 54.9%, most people in Bakersfield are homeowners. The best schools in the city are Discovery Elementary School and Fruitvale Junior High School.

Price Range

Some of the least expensive homes in California are in Bakersfield with a median home value of $129,500, while the list prices of available homes is currently at an average of $234,126. The homes with the highest value are in 93314, 93311, and 93312. In this week's report, the number of homes sold in the Bakersfield market slid to 12 over the past 30 days. It marked a decrease of 7.7% from last week's report and a fall below the monthly average.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Bakersfield:

$214K   $259K   $489K  

Typical Dwelling

The typical dwelling in Bakersfield is a three-bedroom detached home worth about $208,147. To purchase a similar home, a buyer with good credit and a $41,629 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,103 monthly payment. The property tax rate is $11.82 per $1,000 of taxable assessed value.

Get started right now by checking out Bakersfield homes for sale or reviewing Bakersfield real estate trends.

Data reported through 1/12/2017


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