Is it cheap to live in Bakersfield CA?
Cost of Living in Bakersfield, California by Expense Category. Bakersfield’s housing expenses are 16% lower than the national average and the utility prices are 61% higher than the national average. Transportation expenses like bus fares and gas prices are 16% higher than the national average.
Is Bakersfield a good rental market?
With the year-over-year rise in Bakersfield home prices, it stands in the top 10% nationally for real estate appreciation. Bakersfield real estate has appreciated 150.36 percent over the last decade, equating to an annual appreciation rate of 9.61 percent on average.
What is the vacancy rate in Bakersfield CA?
The rental vacancy rate is the fraction of homes for rent that are not occupied. In 2019 the rental vacancy rate for Bakersfield California was 4.70% according to Census ACS data.
Why is rent so high in Bakersfield?
“That’s called L.A. prices.” Bakersfield’s housing market has tightened drastically in recent years as a shortage of both apartments and homes for rent has met with heightened demand from people moving in from outside the area during the pandemic’s loosening of in-person workplace restrictions.
How much can a landlord raise rent in Bakersfield California 2021?
5%
How Much Can a Landlord Raise the Rent in California? Under the new legislation, landlords will only be able to raise the rent by 5% (plus the local rate of inflation) for any existing tenant.
Is Bakersfield expensive to live in?
The cost of living in Bakersfield, CA is 25% lower than the state average and 4% higher than the national average. Bakersfield, CA housing is 15% cheaper than the U.S average, while utilities are about 64% pricier.
How far is Bakersfield from the beach?
More Than Clams: Pismo State Beach Pismo State Beach is just 138 miles from Bakersfield. To get there, take State Route 166 west to Santa Maria, and drive northwest on U.S. Highway 101.
Is Bakersfield rent controlled?
The Landlord/Tenant laws in Bakersfield are much different compared to most in LA County. For example, we do not have rent control which most properties will have in those areas.
What is the smell in Bakersfield?
Oil fields make up most of the view from the top of the bluffs, and the scent of petroleum is often detectable around the city. Dairies populated by hundreds of thousands of cows are scattered throughout the region, and their smell, too, is hard to miss.