Bakersfield
California · Ranked #63 of 102 metros
42Moderate
Median Home Price
🏠$350K
Need $101K income
Median Rent
🔑$1K
Need $52K income
Housing Shortage
📉18,000
units needed
Building Permits
🔨4,500
annual
Median Income
💰$56K
Pop: 909,235
Rent Burden
⚠️36.0%
of renters paying >30%
Price Change (YoY)
📈+5.5%
Homeownership
🏡58.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Bakersfield | National |
|---|---|---|
| Price-to-Income Ratio | 6.3x | 6.1x |
| Rent Burden | 36.0% | 31.5% |
| Homeownership Rate | 58.5% | 65.5% |
| YoY Price Change | +5.5% | +3.5% |
| YoY Rent Change | +4% | +2.8% |
| Mortgage Denial Rate | 17.0% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |