93309, Bakersfield, CA

The 93309 zip code of Bakersfield, CA has a population of around 210,000 people. The median household income in this zip code is $53,000 which is lower than the national median household income of $59,000. The unemployment rate in this zip code is around 10% which is higher than the national unemployment rate of 7%.

The average home value in this zip code is $158,000 which is lower than the national average home value of $217,500. The percentage of homes that are owner-occupied in this zip code is around 68% which is lower than the national percentage of owner-occupied homes at 73%. The percentage of homes that are rented in this zip code is around 32% which is higher than the national percentage of rented homes at 27%.

There are a number of factors that could be contributing to the low home values and high unemployment rates in the 93309 zip code including low incomes and high housing costs. However, one potential factor that could be contributing to these trends may be the lack of available housing stock in this area. Over half (55%)of all households living in this zipcode were renters as opposed to homeownership rates that are typically much higher for areas with a similar population size. This suggests that there may not be enough available housing stock for people who want to purchase or rent a home within this area.