Location: Bakersfield-Delano, CA | Metro: Bakersfield-Delano, CA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
The analysis of ZIP 93302 (located in Bakersfield, CA) reveals a mix of yield and stability factors that can influence investment decisions for landlords and small-portfolio investors.
The Fair Market Rent (FMR) for ZIP 93302 in fiscal year 2024 is set at $1,260. This figure is crucial for understanding the rental income potential. However, the lack of specific market and home value data makes it challenging to assess the exact yield potential relative to these values. The homes listed on Zillow range from approximately $289,999 to $1,200,000, indicating a broad spectrum of property values which can affect the overall yield.
Regarding stability, the absence of precise data on the percentage of renters, average days on market (DOM), and median household income complicates the assessment. Nevertheless, the presence of multiple listings suggests active real estate activity, which could imply moderate stability. The variability in home prices also indicates a diverse economic base within the area, potentially supporting a stable rental market.
In conclusion, ZIP 93302 appears to be neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone. Instead, it falls somewhere in between, offering opportunities for both rental income and potential appreciation in property value. The specific figures driving this call include the FMR of $1,260 and the range of home values from $289,999 to $1,200,000.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.