Rent to own Homes in Bakersfield, CA
Situated halfway between Fresno and Los Angeles, Bakersfield is right in the middle of California, in an area known as the San Joaquin Valley. This central California town is booming, with a massive population increase every year; right now the population is numbered at 347,483 people. Houses remain relatively inexpensive for California, however, and the many strong industries, such as oil, agriculture and natural gas, attract individuals and families from all over. But there's more to Bakersfield than just work. They have a selection of excellent historic restaurants. The Buena Vista Museum of Natural History is fascinating and educational. The Kern County Museum houses artifacts from California's dense history. Bakersfield is also home to California State University, Bakersfield, Bakersfield College and the largest school district in the state. Though all families are obviously driven to move here, the median age is a youthful 29 years, so a good portion of young folks love it here too. If you're looking for a place to rent or own, Bakersfield might be a great option for you.
Bakersfield, CA is a great place for affordable rent-to-own homes! With a median household income of over $65,687 and a median rent of $1,124, the Bakersfield, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Bakersfield, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Bakersfield, CA Property Resources
Rent to own Homes in Cities Near Bakersfield, CA
- Arvin
- Bakersfield
- Bakersfield Country Club
- Bear Valley Springs
- Benton Park
- Buttonwillow
- Caliente
- Casa Loma
- Cherokee Strip
- Choctaw Valley
- Di Giorgio
- Dustin Acres
- East Bakersfield
- East Niles
- Edison
- Edmundson Acres
- El Adobe
- Fuller Acres
- Goodmanville
- Greenacres
- Hillcrest
- La Cresta
- Lamont
- Mc Farland
- Mettler
- Mexican Colony
- Oildale
- Olde Stockdale
- Old River
- Old Stine
- Potomac Park
- Pumpkin Center
- Rexland Acres
- Rivergrove
- Rosedale
- Shafter
- Smith Corner
- Stebbins
- Tarina
- Tupman
- Weedpatch
Neighborhoods in Bakersfield, CA
Hidden Oak rent to own homes The Seasons rent to own homes Cottonwood rent to own homes City in the Hills rent to own homes 42nd Street rent to own homes Amberton rent to own homes Artisan rent to own homes Baker Street rent to own homes College Heights rent to own homes Benton Park rent to own homesBuying a Home in Bakersfield, CA
Bakersfield, CA is seeing rapid growth and Bakersfield, CA's' housing market remains not optimal with an average home price that is 19% above the 2024 national average. Bakersfield, CA is part of Kern county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Kern is 0.8% which is below the national average, which is 0.99%.
Median Home Price in Bakersfield, CA
Median Rent in Bakersfield, CA
Top Reasons to Live in Bakersfield CA
Housing Stats Both the cost of living and the cost of housing is below the national average in Bakersfield, and is significantly lower than both in averages California, which often sees high prices. The average price for a home in Bakersfield was $261,701 in the period from January to March in 2013; in the same time frame the median cost was $148,350. This is an improvement over the year before, which is especially surprising considering the recession. But in 2012, the median price for a home was $140,818, proving Bakersfield is enjoying rising home values even amidst the country's market crash.
Transportation and Commutes Commute times as a whole are shorter in Bakersfield than in many parts of California, especially further north or south. Drivers take about 24 minutes on average to arrive to work from home or vice versa.
Local Restaurants Bakersfield is home to several notable historic dining spots, including Pyrenees, Benji's and Narducci's, which all feature Basque cuisine. But this is a very diverse area, and there are eateries of every type. La Costa Mariscos is popular for its Mexican-themed seafood items, Cuban Cafe has great Cuban sandwiches, and Cafe India has spicy curries many locals love. Restaurants range in price from cheap taco drive-thrus to four dollar-sign steakhouses, with a little something for every taste and occasion.
Neighborhoods Though there are dozens of smaller neighborhoods within Bakersfield, most people refer generally to regions when speaking of areas to live. There are eight regions in total with shared qualities, but any buyer should investigate further before settling on one. If you want a rental house, a rental apartment, or a purchasable home, it's smart to investigate the area it's in before settling on something.