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Bakersfield California Real Estate

Tip! First of all if you’re serious about making a living in the real estate business this way, you’d better have some money saved to live on. This is no joke. You will obviously need cash in order to foot the bills while you’re gambling with a home and its restoration process.

Bakersfield, California, is located in Kern County, 100 miles NW of Los Angeles, California. Bakersfield has a population of 247,057. It has become a popular place for visitors en route to and from Las Vegas and Los Angeles, who stop for outdoor adventures such as whitewater rafting on the Kern River or hot air ballooning over the San Joaquin Valley.

Agriculture is king in Bakersfield. The region grows over 250 types of crops, with about 30 types of fruits and nuts, 40 types of vegetables, and over 20 field crops. Lumber, livestock, poultry and dairy products are also big industries here. The area is also home to the California State University, and Bakersfield College, and numerous museums and galleries.

Bakersfield Homes

Bakersfield properties pool is 83,428 residential properties including Bakersfield new homes. The median age of real estate in Bakersfield is 1979. The average household size is 3.41 people. 3% are one bedroom homes, 14% are 2 bedroom homes, 56% are 3 bedroom homes, 22% are 4 bedroom homes, and 2% are 5+ bedroom homes.

Bakersfield Mortgage Statistics

Homes With No Mortgage 18% Homes With Mortgage 82% First Mortgage Only 63% First & Second Mortgage or HELOC 19%

Bakersfield Area Real Estate Tax

Bakersfield Real estate Tax: Median Real Estate Taxes (2000) were $1,422 comparing to 1999 Median Family income $ 45,556. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Bakersfield School District: Children make up 32.7% of Bakersfield population. Bakersfield has 80,683 under 18 years old residents, or 0.81 kids per one worker, or 0.97 kids per one household.

Tip! Buying property can be tricky, however, and if you don’t know what you are doing, you can get into a lot of trouble. This is why you need to have someone on your side who knows about buying property, or about what to look for to decide if you are wasting your time and money, or you are making a smart choice.

Bakersfield Real Estate & Bakersfield Homeownership

There are 18354.16 or 22% one person households, 23359.84 or 28% two person households, and 14182.76 or 17% three person households in Bakersfield, California. Median residents age is 30.1, Senior citizens (65+) make up 21,681 or 8.8%% of Bakersfield population.

There are 99,769 workers (over 16 years of age) in Bakersfield. Of these, 92.68% drive to work. Approximately 1.73% of workers in Bakersfield take public transportation. An estimated 1.32% walk to work.

Median Bakersfield homeowner’s housing expenses are 22%

Crime in Bakersfield (2003), crimes per 10,000 residents per year Violent Crimes 61.28 Robberies 17.77 Aggravated Assaults 40.88 Property Crimes 570.8 Burglaries 109 Larceny-Thefts 381.09 Motor Vehicle Thefts 80.71

Invest in Bakersfield Properties

When making a decision about buying real estate in Bakersfield California area, you should consider the following statistical data: Near Medium City Near Large City Los Angeles, California Bakersfield Zip Codes 93301, 93304, 93305, 93306, 93307, 93308, 93309, 93311, 93312, 93313, 93314 Bakersfield Area Codes 661 White population 61.87% African-American population 9.16% Asian 4.33% American Indian & Alaskan Hispanic (of any race) 32.45% Median Family Income (1999) $ 45,556% Population Below Poverty Level 17.72%

Tip! I saw a man purchase a run-down home and hire a guy to flip it within a 30 day period. Yikes, that’s fast! Furthermore the guy was supposed to do it for 10 grand or less.

Jennifer Hershey has more than twenty years of experience in the Mortgage Industry as a loan officer. She is the owner of http://www.explainingmortgages.com/, a real estate and mortgage resource site devoted to making mortgage terms and products easy to understand.

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