What's a good cap rate in Bakersfield?

In Bakersfield, cap rates typically run around 4.8% (California state median). A deal above that line is outperforming the local market; below it, you're paying up for appreciation or stability. TrueCap shows where any specific Bakersfield deal lands versus this benchmark.

What's the average rent for a rental in Bakersfield?

A typical rental in Bakersfield runs about $1,483–$2,062/mo (HUD Fair Market Rent, 2–3BR). TrueCap auto-fills HUD Fair Market Rent for the exact address you enter.

What is the property tax rate in California?

California's effective property tax rate is about 0.71% of value per year — the figure TrueCap applies by default for Bakersfield deals. You can override it with the exact local rate.

Bakersfield, CA

Bakersfield rental property analysis

Bakersfield offers some of California's most attainable entry — energy and agriculture employment with rent ratios that actually pencil for the state.

Bakersfield market snapshot

Appreciation market

Compressed cap rates — the play here is long-term price growth over day-one cash flow.

Typical cap rate

4.8%

California state median

Typical rent

$1,483–$2,062/mo

HUD FMR · 2–3BR · 2026

Typical price

$330,000–$420,000

est., all-in

Property tax

0.71%

California effective

Rent is HUD Fair Market Rent where available, otherwise a market estimate; price is a market estimate. Cap-rate and tax are the defaults TrueCap applies — enter a specific address for exact, auto-filled numbers.

Sources & methodology. These are screening defaults and market estimates — not an appraisal, and not financial, tax, or legal advice. Verify rents, taxes, insurance, and local landlord/tenant law against the county assessor and your state's landlord-tenant statute before relying on them.

Data: HUD Fair Market Rent · FRED 30-yr mortgage rate · Tax Foundation (property tax) · Updated June 2026

Metro-level estimates — precision is lower at the neighborhood and parcel level; pull a specific address for exact, auto-filled figures. Reviewed by the TrueCap team. See our full methodology.

Is Bakersfield a good place to buy rentals?

One of the few California markets where cash flow is realistic, anchored by oil and ag. Model CA tenant protections and rent caps.

See the full Californiainvesting guide — taxes, landlord law & top metros →

Neighborhoods to look at in Bakersfield

Northwest Bakersfield

Newer SFRs, family renters, low vacancy.

Seven Oaks

Desirable, steady demand.

Oildale

Affordable, value-add.

Neighborhood notes are starting points, not recommendations — always underwrite the specific property.

Run a Bakersfield deal in 60 seconds

Paste a Bakersfield address into TrueCap and get cap rate, cash-on-cash, DSCR, cash flow, and a 10-year projection — auto-filled with California tax and HUD rent so you start from the right assumptions.

Try TrueCap free

Free calculators

Cap rate calculator Cash-on-cash calculator DSCR calculator Mortgage payment calculator Rental property tax calculator