Bakersfield No. 5 in U.S. Home Ownership Affordability
Bakersfield home ownership is the fifth most affordable in the nation, according to a new report released Monday.
The report from RealtyHop noted that Bakersfield maintained its hold on the number five spot it held last month. According to the report, “Bakersfield rounds out the top five affordable cities for the second straight month. Real estate prices rose slightly, leading to a modest 0.92% increase in homeownership burden. The average family in Bakersfield would need to allocate $1,094 per month toward the costs of owning a home, equating to 21.87% of annual income.”
In its study of the 100 largest cities in the nation, RealtyHop found the five most-affordable cities for homeownership in June were Detroit, Wichita, Fort Wayne, Cleveland and Bakersfield. The five least-affordable cities were Los Angeles, Miami, New York City, San Francisco and Newark.
Largest California Cities and Home Ownership Affordability Ranking
Bakersfield, 5
Fresno, 64
Stockton, 66
Riverside, 75
Chula Vista, 84
San Jose, 86
Santa Ana, 87
Anaheim, 88
San Diego, 90
Long Beach, 91
Irvine, 92
Oakland, 94
San Francisco, 97
Los Angeles, 100
Source: RealtyPop June 1, 2020
Related Stories
![Minimum-wage-by-city](https://visit-bakersfield.imgix.net/images/minimum-wage-by-city.png?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=320&q=80&w=320&s=54419a0f394c8144ef758eea6a7a9db3 320w, https://visit-bakersfield.imgix.net/images/minimum-wage-by-city.png?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=540&q=80&w=540&s=d7c4d9f2ff3b1e555b46d9fc35fe02a5 540w, https://visit-bakersfield.imgix.net/images/minimum-wage-by-city.png?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=768&q=80&w=768&s=d2fd9e10cf5c7396132207abcf5524d6 768w, https://visit-bakersfield.imgix.net/images/minimum-wage-by-city.png?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=1024&q=80&w=1024&s=aa6742a40772924fade63bb719be58b8 1024w, https://visit-bakersfield.imgix.net/images/minimum-wage-by-city.png?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=1200&q=80&w=1200&s=080640d148dc1f5dae5c9c54c913c853 1147w)
Bakersfield most affordable U.S. city for minimum-wage workers
When it comes to the most livable cities for minimum-wage workers, Bakersfield is the best in the nation.
![](https://visit-bakersfield.imgix.net/images/bakersfield-sign.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=320&q=80&w=320&s=bf998b8baac8d8f000779b236d41ac57 320w, https://visit-bakersfield.imgix.net/images/bakersfield-sign.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=540&q=80&w=540&s=758461f623cadf11ed4c6ae94486a34f 540w, https://visit-bakersfield.imgix.net/images/bakersfield-sign.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=768&q=80&w=768&s=3c719ff446790043296cb77a537338e8 768w, https://visit-bakersfield.imgix.net/images/bakersfield-sign.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=1024&q=80&w=1024&s=60fc3aee5a42163456e192157f0a2644 840w)
Bakersfield No. 5 among major U.S. cities for housing affordability
Bakersfield’s housing market ranked as the fifth most affordable out of 100 cities, according to the August housing affordability report…
![Trulia top-10-markets-to-watch-in-2019-7c5453](https://visit-bakersfield.imgix.net/images/trulia_top-10-markets-to-watch-in-2019-7c5453.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=320&q=80&w=320&s=5064c8912aa35cd1d92b52ffc2f17e77 320w, https://visit-bakersfield.imgix.net/images/trulia_top-10-markets-to-watch-in-2019-7c5453.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=540&q=80&w=540&s=93505a9b09b85e33055270757c745a7f 540w, https://visit-bakersfield.imgix.net/images/trulia_top-10-markets-to-watch-in-2019-7c5453.jpg?auto=compress%2Cformat&bg=%23ffffff&crop=focalpoint&fit=min&fm=jpg&fp-x=0.5&fp-y=0.5&h=768&q=80&w=768&s=4f5ff6baf8fc8e09bf647ed258b0b5a2 644w)
Bakersfield is the fourth top housing market to watch in 2019
The analysis, released by real estate website Trulia, highlights the ten markets poised for growth in the coming year.