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Bakersfield and Fresno housing comparison to the U.S. and other California Cities

Home prices and rents vary widely within California. In a state as large and economically diverse as California, some areas have much higher home prices and rents (and other areas much lower) than the statewide average.  As shown in Figure 2, for example, home prices in California’s most expensive metropolitan area (or “metro”), San Francisco, are more than double the state average and about six times higher than Bakersfield, the state’s least expensive metro.  Rents vary throughout the state as well. The average monthly rent for a two–bedroom apartment in San Francisco ($2,000) was two and a half times greater than the average in Fresno or Bakersfield (both about $800).

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