What is the Best Neighborhoods USA ranking for The Oaks?
The Oaks is ranked #46 of 63 eligible neighborhoods in Bakersfield; #1,197 of 1,814 eligible neighborhoods in CA; and #9,685 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
The Oaks
Bakersfield, CA | Kern County
Scored premium profile
Best Neighborhoods USA Index
44.1
Stability and Strength
44.0
Value Opportunity
49.1
Momentum
37.3
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Bakersfield, CA |
| County | Kern County |
| National rank | #9,685 of 14,967 |
| State rank | #1,197 of 1,814 |
| City rank | #46 of 63 |
| County rank | #47 of 64 |
| National percentile | 35.3 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $453,805 |
| Year-over-year home value change | -0.4% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 4.82 |
| Median household income | $94,231 |
| Bachelor's degree or higher | 34.9% |
| Civilian unemployment rate | 11.8% |
| Homeownership rate | 68.9% |
| Housing vacancy rate | 5.9% |
| Rent burden 30% or higher | 67.2% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in The Oaks
Is The Oaks one of the best neighborhoods in Bakersfield?
The Oaks has a Best Neighborhoods USA Index of 44.1 and a city ranking of #46 of 63 eligible neighborhoods in Bakersfield.
How much are homes worth in The Oaks?
The current Zillow Home Value Index for The Oaks is approximately $453,805.
Are home values rising or falling in The Oaks?
Zillow neighborhood values changed -0.4% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for The Oaks?
The Oaks has a Neighborhood Momentum Score of 37.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in The Oaks?
The NDS-derived neighborhood median household income is approximately $94,231.
How affordable is The Oaks relative to household income?
The current Zillow home-value-to-household-income ratio is 4.82. Price-to-income affordability is a major Value Opportunity input.
Is The Oaks primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 68.9%.
What is the unemployment rate in The Oaks?
The NDS-derived civilian unemployment rate is approximately 11.8%.
How educated are residents of The Oaks?
Approximately 34.9% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in The Oaks face high rent burden?
Approximately 67.2% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score The Oaks?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications152
Estimated originations92
Home-purchase applications69
Origination rate60.2%
Home-purchase share45.4%
Average application loan$389,894
Total application loan amount$59,452,335
National application rank#2,876 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 32.4% YoY; originations 40.3% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.