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Fred Herrman
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Why Invest In One of The Hottest Markets In California - Bakersfield Edition

June 27,2019 | Posted By Fred Herrman in Bakersfield
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Helping You Move From Los Angeles To Bakersfield

Did you know that Bakersfield, the hub of Kern County, has made the top 10 list of most popular real estate markets for Millennials and first-time buyers? With job growth and affordable housing prices, Bakersfield has become an unexpected haven for California residents who are far too used to paying skyrocketing prices for everything--housing included.

For over 13 years, the Fred Herrman Real Estate team have been helping buyers make the transition from Los Angeles to Bakersfield--whether they’re looking for a better deal on a house, relocating for a better job, trying to spend less time in traffic and more time with family, or retire peacefully. Despite its reputation, Bakersfield offers a higher quality of life (and more equity) to young professionals and families alike.

Fred Herrman Real Estate has been consistently recognized as the Best Real Estate Team in Bakersfield. As part of our commitment to helping you move to a better place, we make finding your dream home in Bakersfield easy and breezy with the following convenient services and searches:

  • Current Home Listings In Bakersfield, CA by City, Subdivision, Zip Code, + MLS Number
  • Interactive Map Search
  • Active Listings Sorted By Property Type, Condos, Land, + Foreclosure Properties
  • Save Search Option
  • Daily Email Alerts For Brand New Listings, Price Changes, + Sold Properties
  • Market Reports

Do you have any questions about how to make the transition from Los Angeles to Bakersfield as seamless as possible? Call the Fred Herrman Real Estate team today to begin your journey to a better home at (310)-343-3219.

Why Bakersfield?

More often than not, people are surprised to learn that Bakerfield made the NAR’s Top 10 list as one of the most desirable cities for Millennials and first-time home buyers. In fact, this is part of a larger trend. In California, inland counties are experiencing higher rates of population growth compared to their coastal counterparts. With all of the culture and attractions Los Angeles has to offer, let’s have a closer look at why Bakersfield is on the hottest real estate markets in the state right now.

Economic Growth:

Although the unemployment rate in Bakersfield is higher than that of Los Angeles, California, and the U.S. at large, there is actually a steady increase of specialized job roles in the area. This means that there is an influx of higher paying jobs throughout Bakersfield. The city is experiencing the highest economic growth in its industrial sector, particularly construction and healthcare.

The Right Price For Families:

With median home prices averaging at $248,000, Bakersfield is a more affordable place to live for families and couples who want to start a family. Living costs are also far lower than that of nearby cities. Seventy-seven percent of individuals earning a teacher’s salary can afford to buy a property or house in Bakersfield, whereas 0.5% of residents with the same income can do so in Los Angeles.

Growing Student Population:

Now more than ever, it is more expensive for high school graduates to attend college in another city. Due to rising housing prices and living costs, more and more high school graduates in Bakersfield are opting to stay in the area when pursuing higher studies. Not only does this add more diversity to the city of Bakersfield, but it also presents a more high-demand market for local real estate investors.

More Retirees And Young Families:

Just last year in 2018, Bakersfield was ranked as No. 9 on the list of Most Attractive Cities in the U.S. The trend of moving to Bakersfield is more than just a statewide yearning. This is because the city offers affordability without asking residents to sacrifice a higher standard of living or quality of life. Bakersfield remains particularly safe for families and senior citizens with lower crime rates than Los Angeles and surrounding areas.

Northwest Bakersfield remains a hidden gem within the city when it comes to nice houses that are affordable and a good neighborhood that’s safe. To learn more about Northwest Bakersfield, visit this page.

The Best Bakersfield Neighborhoods

However, don’t be fooled. There are a plethora of wonderful Bakersfield neighborhoods available to potential residents and buyers. We’ve compiled data that ranks the 10 best Bakersfield neighborhoods based upon the following criteria:

  • Higher Incomes
  • Lower Unemployment Rates
  • Low Crime Rate
  • Higher Value Homes (For The Area)
  • Higher Population Densities (Indicative Of More Attractions And Things To Do)

Let’s have a look at Bakersfield’s highest contenders for living and investing in real estate!

Stockdale Estates:

  • Population: 2,438
  • Median Home Value: $374,700
  • Median Income: $126,104

Tevis Ranch:

  • Population: 4,865
  • Median Home Value: $247,150
  • Median Income: $82,772

Southern Oaks:

  • Population: 1,882
  • Median Home Value: $269,800
  • Median Income: $79,459

Terra Vista:

  • Population: 4,056
  • Median Home Value: $257,900
  • Median Income: $97,609

Artisan:

  • Population: 3,966
  • Median Home Value: $257,900
  • Median Income: $97,609

The Oaks:

  • Population: 5,036
  • Median Home Value: $249,286
  • Median Income: $91,875

Amberton:

  • Population: 1,223
  • Median Home Value: $287,333
  • Median Income: $98,891

Haggin Oaks:

  • Population: 2,291
  • Median Home Value: $232,600
  • Median Income: $88,015

Laurelglen:

  • Population: 8,448
  • Median Home Value: $203,325
  • Median Income: $66,444

Seven Oaks:

  • Population: 3,540
  • Median Home Value: $331,700
  • Median Income: $96,699

Do you have any additional questions about the Bakersfield area and/or buying home here? The Fred Herrman Real estate team is more than happy to help! For any inquiries and insight into the local Bakersfield market for home buyers from Los Angeles or anywhere else in California, contact our office today at (310)-343-3219.

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