Bakersfield, California is an important location for agriculture and energy production. The city is situated at the southern end of the San Joaquin Valley and is in close proximity to the Golden State Freeway and railways like BNSF Railway, facilitating the transportation of goods and bolstering economic activity and employment prospects in the area. Key employers in the region include Chevron, Aera Energy, Grimmway Farms, and Bolthouse Farms each contributing to the stability and long-term growth potential of real estate investments in neighborhoods like Riverlakes and Seven Oaks.
As the city continues to attract new residents drawn by its job opportunities and comparatively lower living costs, the rental market remains steady and robust. Investors can capitalize on this demand by acquiring rental properties in neighborhoods like Westchester and Haggin Oaks, which offer attractive rental yields and potential for consistent cash flow.
With a lower cost of living and housing prices when compared to other California cities, there is a more accessible range of buyers and renters. This affordability factor attracts residents seeking homeownership, as well as investors looking to capitalize on rental income or property appreciation.