Bakersfield California Real Estate
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Bakersfield, California Real Estate Overview
Discovering Bakersfield
Nestled in Kern County, just 100 miles northwest of Los Angeles, Bakersfield is a thriving city with a population of 247,057. Known as a convenient stop for those traveling between Las Vegas and Los Angeles, it offers exciting outdoor activities like whitewater rafting on the Kern River and hot air balloon adventures over the San Joaquin Valley.
Economic and Cultural Highlights
Bakersfield is a cornerstone of agricultural productivity, cultivating over 250 types of crops, including fruits, nuts, and vegetables. It also supports robust lumber, livestock, and dairy industries. The city is home to California State University and Bakersfield College, alongside various museums and galleries that enrich its cultural landscape.
Real Estate in Bakersfield
The city boasts a diverse real estate market with 83,428 residential properties, including new homes. Construction tends to date back to the median year of 1979, with households averaging 3.41 members. Property sizes vary: 3% are one-bedroom, 14% two-bedroom, 56% three-bedroom, 22% four-bedroom, and 2% five or more bedrooms.
Mortgage and Housing Insights
In Bakersfield:
- 18% of homes are mortgage-free.
- 82% have mortgages, with 63% having only a first mortgage and 19% with a first and second mortgage or HELOC.
- Median real estate taxes were $1,422 in 2000, against a median family income of $45,556 in 1999.
Population and Demographics
Children represent 32.7% of the population, with 80,683 residents under 18. The median age is 30.1, with seniors (65+) comprising 8.8% of the population. Most workers (92.68%) drive to work, while a small percentage use public transit or walk.
Crime Statistics
For every 10,000 residents in 2003, crime rates included:
- Violent Crimes: 61.28
- Robberies: 17.77
- Aggravated Assaults: 40.88
- Property Crimes: 570.8
- Burglaries: 109
- Larceny-Thefts: 381.09
- Motor Vehicle Thefts: 80.71
Investing in Bakersfield
Potential investors should consider Bakersfield's vicinity to Los Angeles and its diverse zip codes, including 93301, 93304, and 93305, among others. The city's demographic is primarily white (61.87%), with a significant Hispanic community (32.45%). The median family income was $45,556 in 1999, with 17.72% of the population below the poverty level.
In summary, Bakersfield offers a dynamic blend of agricultural growth, cultural richness, and real estate opportunities, making it an attractive location for both living and investment.
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