Real Estate Appreciation for Bakersfield, California: + 79.58%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Bakersfield, California MSA appreciated + 79.58% (+ 19.90% yearly) for the period between 2001 and the end of 2004.
The state had + 72.64% total appreciation (+ 18.16% yearly).
The Bakersfield, California MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Bakersfield-CA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2001 | 2 | 113.71 | + 1.88% | + 7.53% |
| 2001 | 3 | 115.34 | + 1.43% | + 5.73% |
| 2001 | 4 | 117.42 | + 1.80% | + 7.21% |
| 2002 | 1 | 119.62 | + 1.87% | + 7.49% |
| 2002 | 2 | 122.98 | + 2.81% | + 11.24% |
| 2002 | 3 | 126.67 | + 3.00% | + 12.00% |
| 2002 | 4 | 129.9 | + 2.55% | + 10.20% |
| 2003 | 1 | 133.6 | + 2.85% | + 11.39% |
| 2003 | 2 | 137.82 | + 3.16% | + 12.63% |
| 2003 | 3 | 143.88 | + 4.40% | + 17.59% |
| 2003 | 4 | 152.18 | + 5.77% | + 23.07% |
| 2004 | 1 | 158.74 | + 4.31% | + 17.24% |
| 2004 | 2 | 169.22 | + 6.60% | + 26.41% |
| 2004 | 3 | 188.37 | + 11.32% | + 45.27% |
| 2004 | 4 | 200.43 | + 6.40% | + 25.61% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bodfish, California click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bakersfield, California.
If you were going to do a Bodfish, California Refinance, or Bodfish, California Reverse Mortgages, you could estimate your home value.
If you knew your Bodfish, California home was worth $105,000.00 in 2001, you could multiply by + 79.58%, add the gain and see the home should be worth $188,559.72 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bakersfield-CA from 2001 to 2004:
+ 19.90%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 2001 to 2004 were Ogden-Clearfield-UT, Jackson-TN, Austin-Round-Rock-TX, Provo-Orem-UT, and Columbus-IN .
- Ogden-Clearfield-UT only increased + 5.61% between 2001 and 2004
- Jackson-TN only increased + 5.91% between 2001 and 2004
- Austin-Round-Rock-TX only increased + 5.99% between 2001 and 2004
- Provo-Orem-UT only increased + 6.69% between 2001 and 2004
- Columbus-IN only increased + 7.56% between 2001 and 2004
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 93205 - BODFISH, CA
MSA Pop: 713087Zip Pop: 1951
Avg Value: 59400
County: KERN
Elev: 408
Region: West
Lat: 35.58175
Long: -118.480921