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Airbnb City Guide: The Best Places To Invest in Bakersfield, California

Dinosaur park in Bakersfield, California, USA

Airbnb Rules and Regulations in Bakersfield, California

As of 2024, Bakersfield has yet to implement specific regulations for short-term rentals. However, all hosts must register their properties and obtain a Transient Occupancy Tax (TOT) certificate from the Kern County Treasurer and Tax Collector's office for each individually advertised unit or bedroom. The current TOT rate in Kern County's unincorporated areas, including Bakersfield, is 6%.

While the city attempted to introduce local regulations for short-term rentals in the previous year, no official ordinances have been adopted. Hosts are still expected to be mindful of neighborhood compatibility and ensure their rentals do not become a nuisance to surrounding residents. It is crucial for hosts to stay informed about any potential changes to local laws and regulations that may affect their Airbnb operations in the future.

Bakersfield Airbnb Market Data:

  • Average Revenue – $19.4K per year
  • Average Daily Rate – $ 126.2per night
  • Average Occupancy Rate – 55%
  • Average RevPAR – $70.9
  • Average Home Prices – $380,862

1. Top Place to Invest in Bakersfield, California - Visalia

Nestled in the heart of California's Central Valley, Visalia is a charming city that offers a perfect blend of small-town ambiance and modern amenities. With its growing population and thriving economy, Visalia has become an attractive destination for starting an Airbnb, especially for investors seeking lucrative opportunities in the state.

Visalia Airbnb Market Data:

  • Average Revenue – $21.9K per year
  • Average Daily Rate – $136.1 per night
  • Average Occupancy Rate – 61%
  • Average RevPAR – $82.2

Convenience - 7/10

Visalia boasts a convenient location, situated just off Highway 99, which connects the city to major metropolitan areas like Fresno and Bakersfield. The city's well-maintained roads and efficient public transportation system make it easy for residents and visitors to navigate the area. However, traffic congestion during peak hours can be a drawback.

Tourist Attractions - 6/10

While Visalia may not be a top tourist destination, it does offer a few notable attractions. The Sequoia and Kings Canyon National Parks are just a short drive away, providing outdoor enthusiasts with breathtaking scenery and hiking trails. The city also features the Visalia Convention Center, which hosts various events throughout the year. Nevertheless, the limited number of tourist attractions may not be enough to draw a consistent influx of visitors.

Things to Do - 5/10

Visalia offers a decent range of activities for residents and visitors alike. The city has several parks, including the picturesque Mooney Grove Park, which features a lagoon and a historic museum. Downtown Visalia is home to a variety of shops, restaurants, and bars, providing a lively atmosphere for those looking to explore the city's nightlife. However, the options for entertainment and recreation may be limited compared to larger cities.

Average Home Prices - 8/10

According to Zillow, the median home value in Visalia as of 2024 is $385,000, which represents a 4.2% appreciation over the past year. This price point is relatively affordable compared to other cities in California, making it an attractive option for Airbnb investors. The steady appreciation rate also indicates a stable and growing real estate market.

Proximity to Work-Related Travel - 6/10

Visalia's central location makes it a convenient base for work-related travel. The city is home to the Kaweah Health Medical Center, which serves as a major employer and attracts healthcare professionals from the surrounding areas. The Visalia Convention Center also draws business travelers for conferences and events. However, the city's distance from larger metropolitan areas may be a drawback for some industries.

X-Factor - 7/10

What sets Visalia apart is its strong sense of community and small-town charm. The city's friendly residents and tight-knit neighborhoods create a welcoming atmosphere for visitors and newcomers alike. Visalia's proximity to natural wonders like the Sequoia and Kings Canyon National Parks also adds to its appeal, offering a unique blend of urban living and outdoor adventure.

2. Top Place to Invest in Bakersfield, California - Polo Grounds

Polo Grounds, a vibrant neighborhood in the heart of Bakersfield, has emerged as a prime location for Airbnb investors. With its unique blend of residential charm and proximity to key attractions, this area offers a compelling opportunity for those looking to capitalize on the growing short-term rental market.

Polo Grounds Airbnb Market Data:

  • Average Revenue – $19.1K per year
  • Average Daily Rate – $136.7 per night
  • Average Occupancy Rate – 46%
  • Average RevPAR – $69.9

Convenience - 8/10

One of the standout features of Polo Grounds is its exceptional convenience. Situated just minutes from downtown Bakersfield, residents and visitors alike can easily access a wide range of amenities, including grocery stores, restaurants, and entertainment venues. The neighborhood's well-connected streets and ample parking options further enhance its appeal.

Tourist Attractions - 6/10

While Polo Grounds itself may not be a major tourist destination, its central location puts it within easy reach of several notable attractions. The Kern County Museum, which showcases the region's rich history and culture, is just a short drive away. Visitors can also explore the nearby Bakersfield Museum of Art or catch a performance at the historic Fox Theater.

Things to Do - 7/10

Polo Grounds offers diverse activities for residents and guests to enjoy. The neighborhood boasts several well-maintained parks, perfect for picnics, sports, or simply relaxing in the California sunshine. The nearby 18hundred Nightclub and The Padre Hotel offer exciting nightlife options for those seeking a more lively atmosphere.

Average Home Prices - 7/10

According to Zillow, the median home value in Polo Grounds as of 2024 stands at $325,000. This represents a modest 2.8% appreciation over the past year, indicating a stable and growing real estate market. While prices are slightly higher than the Bakersfield average, the neighborhood's desirable location and amenities justify the investment.

Proximity to Work-Related Travel - 8/10

Polo Grounds' strategic location makes it an ideal area for a corporate rental targeting work-related travel. The neighborhood is just a short drive from the Bakersfield Memorial Hospital, a major employer in the healthcare sector. Additionally, the Mechanics Bank Arena and Convention Center, which hosts numerous conferences and events, is easily accessible from Polo Grounds.

X-Factor - 7/10

What sets Polo Grounds apart is its strong sense of community and neighborhood pride. The area's well-maintained homes and friendly residents create a welcoming atmosphere that appeals to both long-term residents and short-term visitors. The neighborhood's annual block party and holiday celebrations further contribute to its unique charm.

3. Top Place to Invest in Bakersfield, California - Masterpiece Estates

Masterpiece Estates, a hidden gem in Bakersfield, has recently gained attention as an attractive destination for Airbnb investors. This tranquil neighborhood, known for its stunning architecture and meticulously landscaped gardens, offers a unique opportunity for those seeking to invest in the short-term rental market.

Masterpiece Estates Airbnb Market Data:

  • Average Revenue – $18.5K per year
  • Average Daily Rate – $128 per night
  • Average Occupancy Rate – 49%
  • Average RevPAR – $60.9

Convenience - 6/10

While Masterpiece Estates boasts a serene and secluded atmosphere, it may not be the most convenient location for all travelers. The neighborhood is situated on the outskirts of Bakersfield, which means longer commutes to the city center and its amenities. However, the area is well-connected by major highways, ensuring relatively easy access to other parts of the city.

Tourist Attractions - 4/10

Masterpiece Estates itself is not a significant tourist destination, as it is primarily a residential neighborhood. Visitors may appreciate the area's stunning architecture and beautifully maintained gardens, but there are limited tourist attractions within the immediate vicinity. However, the neighborhood's proximity to the Kern River Parkway Trail offers opportunities for outdoor recreation.

Things to Do - 5/10

The activities available in Masterpiece Estates are primarily geared towards residents rather than tourists. The neighborhood features a community pool and clubhouse, which provide a space for socializing and relaxation. Nearby, the Kern River Parkway Trail offers a scenic route for hiking, biking, and horseback riding. However, the options for entertainment and dining within the neighborhood are limited.

Average Home Prices - 9/10

According to Zillow, the median home value in Masterpiece Estates as of 2024 is an impressive $850,000. This represents a significant 6.5% appreciation over the past year, indicating a thriving and desirable real estate market. While the prices are considerably higher than the Bakersfield average, the neighborhood's luxurious homes and exclusive amenities justify the premium.

Proximity to Work-Related Travel - 5/10

Masterpiece Estates' location on the outskirts of Bakersfield may not be ideal for those frequently traveling for work. The neighborhood is situated further away from major employers, such as hospitals and convention centers, which could result in longer commute times. However, the area's proximity to major highways somewhat mitigates this drawback.

X-Factor - 8/10

What sets Masterpiece Estates apart is its unparalleled beauty and exclusivity. The neighborhood's stunning architecture, grand estates, and impeccably designed gardens create a luxurious and sophisticated atmosphere. This unique ambiance is highly appealing to a select group of Airbnb guests seeking a taste of the high life during their stay in Bakersfield.

4. Top Place to Invest in Bakersfield, California - Wible Orchard

Wible Orchard, a charming and historic neighborhood in Bakersfield, has recently caught the attention of Airbnb investors. With its picturesque tree-lined streets and proximity to local attractions, this area offers a unique investment opportunity for those looking to capitalize on the growing market and start their own short-term rental.

Wible Orchard Airbnb Market Data:

  • Average Revenue – $27.6K per year
  • Average Daily Rate – $102.5 per night
  • Average Occupancy Rate – 74%
  • Average RevPAR – $74.9

Convenience - 7/10

Wible Orchard's location offers a good balance of convenience and tranquility. Situated just a few miles from downtown Bakersfield, residents and visitors can easily access the city's amenities while enjoying the neighborhood's peaceful atmosphere. The area is well-served by public transportation and major roadways, making it easy to navigate.

Tourist Attractions - 6/10

While Wible Orchard itself may not be a major tourist destination, its proximity to several local attractions makes it an appealing base for visitors. The nearby Kern County Museum offers a fascinating glimpse into the region's history, while the Bakersfield Museum of Art showcases a diverse collection of works. The neighborhood's historic charm also adds to its appeal.

Things to Do - 6/10

Wible Orchard offers a range of activities for residents and visitors alike. The neighborhood features several small parks, perfect for picnics or a leisurely stroll. The nearby Mill Creek Linear Park provides a scenic trail for hiking and biking. For those seeking a taste of local culture, the Bakersfield Community Theater hosts various performances throughout the year.

Average Home Prices - 7/10

According to Zillow, the median home value in Wible Orchard as of 2024 is $420,000. This represents a steady 3.5% appreciation over the past year, indicating a stable and growing real estate market. While prices are slightly higher than the Bakersfield average, the neighborhood's unique charm and desirable location justify the investment.

Proximity to Work-Related Travel - 7/10

Wible Orchard's location makes it a convenient base for work-related travel. The neighborhood is just a short drive from the Bakersfield Heart Hospital and the Bakersfield Memorial Hospital, both major employers in the healthcare sector. The Mechanics Bank Arena and Convention Center, which hosts numerous conferences and events, is also easily accessible from Wible Orchard.

X-Factor - 8/10

What sets Wible Orchard apart is its historic charm and strong sense of community. The neighborhood's tree-lined streets and well-maintained homes create a picturesque and welcoming atmosphere. The area's annual events, such as the Wible Orchard Festival, bring residents together and showcase the neighborhood's unique character. This strong sense of community is highly appealing to Airbnb guests seeking an authentic and memorable experience.

⚡️
Reveal your property’s rental profitability

Buy this property and list it on Airbnb.