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.
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 2022 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 2022 for county Kern is 0.8% which is below the national average, which is 0.99%.
Bakersfield, CA has a walk score of
Bakersfield, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.