Bakersfield, CA’s real estate market is thriving, making it an excellent choice for investors. Investing in real estate in Bakersfield, CA, offers promising opportunities for both seasoned investors and newcomers. Here are the ten best neighborhoods:
Best Neighborhoods To Invest In Bakersfield, CA
1. Seven Oaks
If you’re looking for long-term appreciation and high-end rental appeal, Seven Oaks stands out as Bakersfield’s crown jewel. This master-planned neighborhood in the city’s southwest corridor offers a polished blend of exclusivity, lifestyle amenities, and strong property values. It’s a favorite among professionals, executives, and retirees who seek a resort-like environment without leaving the city.
- Private Golf Community: Anchored by the prestigious Seven Oaks Country Club, featuring a 27-hole championship golf course, tennis courts, swimming pools, and elegant dining options.
- High-Earning Demographic: Attracts affluent renters and buyers, often in the medical and corporate sectors, who prioritize security and luxury living.
- Custom Homes and Gated Enclaves: A mix of custom-built estates and upscale tract homes with pristine landscaping and thoughtful architecture.
- Top-Rated Schools: Zoned for highly ranked schools like Buena Vista Elementary and Stockdale High, making it a strong draw for families.
- Proximity to River Walk: Near River Walk Park and The Shops at River Walk, combining outdoor spaces with shopping, dining, and entertainment.
- Investor Snapshot: Home prices typically range from $450,000 to $560,000 with 4–8% annual appreciation.
2. Laurelglen
For investors seeking reliable returns in a quiet, family-focused community, Laurelglen offers an excellent mix of affordability and stability. This well-established neighborhood is known for its mature trees, peaceful streets, and longtime residents. It’s a classic Bakersfield suburb with a strong sense of pride and community.
- Affordable and Steady: Home values hover around $400,000, making it an approachable entry point with consistent appreciation.
- Classic Suburban Appeal: Features mid-sized single-family homes with spacious yards, many with recent updates or renovation potential.
- Close to Retail Hubs: Residents enjoy nearby shopping at The Marketplace and Valley Plaza Mall, as well as easy access to dining and daily essentials.
- Highly Rated Schools: Falls within the boundaries of the respected Panama-Buena Vista Union School District and Kern High School District.
- Long-Term Tenants: Attracts stable renters, often families or retirees, who value neighborhood consistency and low turnover.
- Recreational Spaces: Local parks and bike trails add family-friendly charm to this already desirable community.
3. Oleander-Sunset / Homaker Park
Investors with an eye for restoration and neighborhood transformation will find hidden gems in Oleander-Sunset and nearby Homaker Park. This older part of central Bakersfield is full of personality, offering an affordable foothold into a community with increasing demand and undeniable character.
- Architectural Heritage: The area features historic homes, including Craftsman, Spanish Revival, and mid-century styles, perfect for value-add renovations.
- Walkable and Central: Located just minutes from downtown, the neighborhood offers walkable access to parks, schools, and local businesses.
- Cultural Vibe: Quaint cafes, vintage boutiques, and independent shops contribute to an artsy, laid-back atmosphere.
- Near the Kern River: Trails and recreation areas provide outdoor appeal for residents who enjoy nature and fitness.
- Affordable Pricing: Homes often range from the high $200,000s to mid-$300,000s, with plenty of room to build equity through improvements.
- Rental Opportunity: Appeals to artists, young professionals, and college students seeking affordable, centrally located housing.
4. Downtown / Arts District / Mill Creek
Downtown Bakersfield is undergoing a cultural and economic revival, making it a top contender for urban-minded investors. With a growing Arts District, historic landmarks, and a push for modern mixed-use development, this area is gaining serious momentum as a hub for entertainment, innovation, and housing.
- Entertainment Core: Home to Bakersfield’s iconic Fox Theater, Mill Creek Park, and the Museum of Art, offering cultural experiences year-round.
- Brewery and Coffee Culture: Trendy restaurants, cafes, and craft breweries are breathing new life into formerly quiet streets.
- Mixed-Use Growth: Residential lofts, small business incentives, and infrastructure projects are making this area livable and investable.
- Walkability and Transit: Pedestrian-friendly layout with access to city offices, transit centers, and professional job markets.
- Flexible Inventory: Properties range from historic buildings and fixers to newly renovated apartments and condos.
- Urban Lifestyle Demand: Young professionals, remote workers, and entrepreneurs are fueling demand for stylish downtown rentals.
5. Northwest Bakersfield – Riverlakes Ranch & The Commons
Northwest Bakersfield is one of the city’s fastest-growing regions, offering new construction, planned retail hubs, and a strong suburban appeal. Within this area, Riverlakes Ranch stands out for its tranquil setting and resort-style living; making it an ideal target for family-oriented rental investments and long-term appreciation.
- Resort-Style Amenities: Features a private man-made lake, golf course, community clubhouse, and walking trails that offer a vacation-at-home lifestyle.
- New Construction Appeal: Many homes are newer builds with modern layouts, higher energy efficiency, and less upkeep needed.
- Planned Commercial Growth: The Bakersfield Commons project promises a massive new shopping and entertainment district, adding future value and convenience.
- Top School Access: Serviced by desirable schools, making it highly attractive to growing families.
- Shopping and Dining Nearby: Big-box stores, restaurants, and services are easily accessible, enhancing tenant retention.
- Appreciation Potential: With home values averaging around $390,000 and a growth rate of roughly 3.3% annually, this area remains investor-friendly and future-focused.
6. Amberton
Amberton offers a peaceful environment with views of hills and countryside. Housing options range from single-family homes to apartments and townhomes.
7. City in the Hills
City in the Hills provides scenic views near the Sierra Nevada foothills, with diverse housing styles.
8. Campus Park
Campus Park is in the southwest part of the city, featuring homes, apartments, and a large shopping complex.
9. CSU Bakersfield
CSU Bakersfield is a vibrant area close to California State University, making it a great investment spot.
10. Homaker Park
Homaker Park is located north of Downtown Bakersfield, with the Kern River running through the neighborhood. It offers a variety of housing options, including single-family homes, apartments, and townhouses.
11. Downtown Bakersfield
Downtown Bakersfield boasts its historic architecture and cultural attractions. The area is also known for its bustling arts district, featuring galleries, studios, and performance spaces.
12. Laurelglen
Laurelglen is a residential neighborhood with homes and a few parks. It offers shopping options and a mix of single-family homes, apartments, and villas.
13. Riviera/Westchester
Riviera/Westchester is west of downtown, bordering the Kern River. It blends residential and commercial areas with parks and shops, primarily featuring single-family homes.
14. Oleander/Sunset
Oleander/Sunset is south of downtown, known for its oleander bushes and walkability. It has shops, restaurants, and parks, with housing ranging from duplexes to bungalows.
15. Seven Oaks
Seven Oaks is on the west side of Bakersfield, near the RiverWalk and several parks. It is filled with single-family homes of various sizes and styles.
