Is Bakersfield, CA a good place to invest in rental property?

Bakersfield, CA has a median modeled monthly cash flow of $-909 and a median cap rate of 3.6%, on a median sold price of $417,935. Prices changed -1.3% year over year.

What is the average cap rate in Bakersfield, CA?

The median cap rate across recently sold homes in Bakersfield, CA is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Bakersfield, CA?

The median sold price in Bakersfield, CA is $417,935 (about $233 per square foot).

Investing in Bakersfield, CA Real Estate

A data-driven snapshot of the Bakersfield, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$417,935Median sold price

$233Median $/sqft

3.6%Median cap rate

$-909Modeled cash flow / mo

-1.3%Appreciation YoY

8.5Months of supply

2,728Active listings

3,836Sold (last 12 mo)

What the Bakersfield numbers say

In Bakersfield, CA, the median home sold for $417,935 (about $233 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-909 of monthly cash flow. Sold prices moved -1.3% over the past year. Inventory sits at about 8.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Bakersfield cash-flowing listings

CashFlowRE ranks every for-sale home in Bakersfield, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Bakersfield deals, or browse the national market data.