Bakersfield, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,942
Monthly Cash Flow
-$563
Principal + Equity
$2,335
Annual Total Gain
$21,257
Cash on Cash
-6.87%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Cities in America
#93out of 229 markets
Most Diverse Places to Live in America
#1444out of 18101 markets
Best Cities for Outdoor Activities in America
#205out of 229 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Bakersfield, CA.
Before investing in a property in Bakersfield, CA for short term rental purposes, it is important for an investor to be aware of the regulations and restrictions in place for such rentals. As of now, Bakersfield does not have specific regulations governing short term rentals, such as Airbnb or VRBO, but there are some general rules that investors should keep in mind:
1. Zoning Laws: Investors should check the zoning laws in the specific area where they are considering purchasing a property for short term rental. Some areas may have restrictions on short term rentals or require a special permit.
2. Business License: In Bakersfield, short term rental hosts are required to obtain a business license from the city. This license is necessary to legally operate a short term rental property.
3. Transient Occupancy Tax: Short term rental hosts in Bakersfield are also required to collect and remit transient occupancy tax on each rental transaction. This tax is typically around 12% of the rental amount and must be paid to the city on a regular basis.
4. Health and Safety Regulations: Short term rental properties must comply with health and safety regulations set forth by the city. This may include having smoke detectors, fire extinguishers, and other safety measures in place.
5. Noise Regulations: Bakersfield has noise regulations in place that prohibit excessive noise and disturbances. Short term rental hosts should ensure that their guests are aware of these regulations and adhere to them during their stay.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Bakersfield before purchasing a property for this purpose. Failure to comply with these regulations could result in fines or other penalties, so it is crucial to be informed and proactive in ensuring compliance.
Market Trends Over Time
Explore 25 years of market data for Bakersfield, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Bakersfield, CA.
The LTR Genie Score of Bakersfield, CA is 67 and STR Genie Score is 55, indicating a moderate level of attractiveness for long-term rental investment and slightly lower attractiveness for short-term rental investment. The LTR Rentability is moderate, with a rent growth rate of 0.0574% and a net ROI of 21.61%. On the other hand, the STR Net ROI is 18.73% with an occupancy rate of 57.14% and revenue of 2006.
The LTR Genie Score is higher than the STR Genie Score, suggesting that Bakersfield, CA may be more suitable for long-term rental investment. This could be due to the steady rent growth rate and higher net ROI in the long-term rental market compared to the short-term rental market. Additionally, the 1-year price appreciation forecast of 1.97% indicates potential for property value appreciation in the area.
Bakersfield, CA is known for its affordable housing market, making it an attractive option for real estate investors looking for investment opportunities with good potential for ROI. The city also has a growing population and a diverse economy, which can contribute to a stable rental market.
In conclusion, Bakersfield, CA appears to be a promising market for long-term rental investment based on the metrics provided. Investors may find success in acquiring rental properties in this area for steady rental income and potential property value appreciation. However, it is recommended to conduct further research and due diligence before making any investment decisions.
LTR Genie Score 93
$99,900
🛏 2 Beds🛁 1.0000 Baths🏙 1,024 sqft.🏠 SINGLE FAMILY
