Overview

Bakersfield, the 11th largest city in California and the 61st in USA is one of the fastest growing cities in the nation. Named after former Iowa militia member and former California state senator Colonel Thomas Baker, Bakersfield is gradually turning into a pacific thoroughfare with an estimated population of 323,213 .The mushrooming population is also generating employment in diverse sectors. The city ranked 10th amongst mid size cities is US as the most favorable place for doing business. Industry wages, from 2001 to 2006, have increased in the Bakersfield Metro Area by 22.3% which is greater than the growth in industry wages for the State of California and greater than the growth in average industry wages for the United States. The boost in the job growth is result of the outstanding performance of the Chemical industry, increasing by 371.4 percent from 2001 to 2006. This industry in Bakersfield has grow faster than the growth seen in the industry for California, where the industry took a gain of 2.5 percent.

Bakersfield Real Estate

The Bakersfield metropolitan area, which comprises all of Kern County, leaped up to 60 spots from the year before to rank 30th out of the 200 largest metropolitan areas in the Milken Institute 2005 Best Performing Cities Index. The city comprises a total of 67, 952 housing units out of which 57% are owner occupied while the rest are rented. The average home price in Bakersfield is $$126,579 which is quite reasonable in comparison to elsewhere in the US.

How to buy or rent in Bakersfield

With a median family income of $42,369, Bakersfield is gradually becoming more sophisticated and diversified. Buying a house at Bakersfield at this stage is a fruitful investment but quite a difficult task. The best option is to hire a real estate agent who, with his experience and expertise will clinch the best deal for you. Your budget will definitely play a key role in determining your future house but the in depth knowledge of an agent will always come handy.

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