Spice Tract First-Time Homebuyer Report for January

Spice Tract is a larger than average neighborhood in Bakersfield with a population of 7,411 people. Although it does rank as the fastest growing, at a 10-year growth rate of 1.3%. It should be noted that 45.8% of the homes in Spice Tract are owned, while 47.8% are rentals. Topping the list of best schools in the neighborhood is Discovery Elementary School.

Price Range

The median value of homes in Spice Tract is $104,337, making it one of the lower priced areas in Bakersfield. At the same time, the average list price of available homes is presently $162,967. Typically, Spice Tract accounts for 0.2 sales per month. This time sellers weren't able to find buyers for their properties, resulting in another 30 day period of no sales.

Out of all the listings in Spice Tract, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.


Typical Dwelling

The typical dwelling in Spice Tract is a three-bedroom detached home worth about $166,344. To purchase a similar home, a buyer with good credit and a $33,269 cash down payment could obtain a mortgage with a 3.95% interest rate and a $84 monthly payment. The property tax rate is $11.82 per $1,000 of taxable assessed value.

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

Data reported through 1/12/2017


Ask a local expert about this area:
Watson Realty
Snapped 1 home in this area
Tholco Real Estate Group
Snapped 2 homes in this area

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