1031 Exchange Bakersfield, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Bakersfield due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Bakersfield, California is a part of the Bakersfield, CA metropolitan area, and contains 22 zip codes, including: 93384, 93308, 93389, 93386, 93306, and 93302.

Bakersfield Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Bakersfield, CA metropolitan area was $1,025, which is 13.26% higher than 2014 average rent. This represents a compounded annual growth rate of 2.52%. 2019 vacancy in Bakersfield, CA was 1.60%.

The total population of the city of Bakersfield, CA has grown 10.39% since 2010. As of 2018, the population was 383,576. The median household income of the Bakersfield was $62,340, which is 3.40% higher than the national average.

  • metropolitan area Bakersfield, CA
  • avg rent $1,025
  • rent growth 13.26%
  • vacancy 1.60%
  • median income $62,340
  • population (2018) 383,576
  • population growth 10.39%
  • vs. nat'l avg 3.40%
  • zip codes 93301 93302 93303 93304 93305 93306 93307 93308 93309 93311 93312 93313 93314 93380 93383 93384 93385 93386 93387 93388 93389 93390

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