|Specialty||# of Agencies|
|Single House or Condo||1|
|Home Owners Association||2|
|Total Local Companies||5|
The average rent for a 3 bedroom house in Bakersfield, CA is $1,274.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.
Many California renters looking for more of a small-town feel, unlike major metros such as San Diego, Los Angeles and Sacramento, sign lease agreements for units in Bakersfield.
The unofficial agricultural center of the state provides California residents, and many Americans, with crops cultivated in its various farms and goods produced by the city's numerous manufacturers.
Due to plenty of employment opportunities in these businesses in Bakersfield, as well as several top-quality schools, a warm climate and elegant desert scenery surrounding the city, California's Country Music Capital continues to grow.
The city's population has tripled in the past few decades, and is expected to rise in the coming years, thanks in large part to exquisite dining options citywide, including revered Basque cuisine, great cultural venues and events year-round and a bevy of recreational attractions, such as unique rock-climbing areas.
Given the substantial amount of residents currently renting and the considerable number of those looking to lease in Bakersfield, many property management companies have opened for business in the metro area to aid property owners in need.
Once you invest in a rental property in Bakersfield, one of your top priorities should be to secure the services of these esteemed professionals so that you can offload the responsibility of running the day-to-day operations of your units to a management team that knows how to operate and maintain an apartment successfully.
Doing so will leave you with all the time in the world to handle other matters pertaining to your property and ensure your units are in good hands.
Bakersfield ranked as the sixth-best market for rental property investors to buy properties in the third quarter of 2011, according to a study by HomeVestors of America and Local Market Monitor.
"People want to live in California. People are going to move to California," HomeVestors co-president David Hicks told the Bakersfield Californian in July. "And Bakersfield is going to benefit from that upward trend."
Looking for a property management company in Bakersfield? Use our database to find companies that service your area, then get free quotes.
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When a city's population increases 400 percent over the course of four decades, you know there must be something special there. So, just what is it about Bakersfield that makes it one of the fastest growing cities in the state?
Jobs, for starters - it's located in Kern County, California's most prolific oil-producing region. Then, there is the agricultural aspect of Bakersfield's economy - the city is the fourth most productive in the United States. This is, no doubt, due to its premium location in the San Joaquin Valley. Bakersfield also has a robust natural gas and petroleum refining industry and a fair share of food distribution companies.
The biggest draw, however, could be the lower cost of living compared to most California cities of its size. All of this combined draws residents from around the state, especially from Los Angeles, 110 miles southeast of the city.
Surrounded by mountains, Bakersfield enjoys desert-like weather with hot, dry summers and cool, moist winters. Dangerous, blinding tule fog settles over the city from mid-October through March, but for the most part, Bakersfield has more sunny days than most cities in the U.S.
One of the biggest drawbacks to living in Bakersfield is the lousy air quality. This is not a good place to live for those with respiratory problems. The city has been noted by the American Lung Association as being among 22 U.S. cities with "more unhealthy days on average" than the rest of the country. In fact, it came in at number three on a list of most polluted American cities.
For the approximately 350,000 residents of Bakersfield, however, it's tolerable. They enjoy getting outside and many spend their leisure time at one of the city's annual festivals, such as the Scottish Games and Kern County Basque Festival in spring, the Lowrider National in summer, and the Kern County Fair in early autumn. You'll also find them watching drag races at Famoso Raceway or at one of the many family-fun attractions in and around the city.
Bakersfield is currently the worst market in the Western U.S. for rental real estate investment; it was ranked 13th out of 13 Western metropolitan areas in the Q2 2015 Rental Ranking Report. However, it's still a moderately good market for rental real estate investment when compared to the rest of the U.S.; it was ranked 29th last quarter out of the 75 total markets included in the Rental Ranking Report.
Bakersfield suffered from a dismal year-over-year median rental price increase of just 1.17 percent in Q2 2015. This was one of the lowest rental price increases in the country last quarter and a whopping 76 percent less than the national average for that metric. Bakersfield's annual property value appreciation rate in Q2 2015, a modest 4.38 percent, was nonetheless slightly lower than the national average - and even lower when compared to other metros in the Western U.S. Sluggish local job growth, as indicated by Bakersfield's fairly low annual job growth rate of 1.38 percent (32 percent less than the national average during Q2 2015), reinforces the fact that Bakersfield's rental housing market is unlikely to heat up to any significant degree anytime soon.
To calculate the statistics found in the Q2 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.
Thinking about renting out a property in Bakersfield? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.
All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.