Episode Details

Bakersfield’s rental market is heating up as landlords raise rents faster than they lower them, fueled by rising inflation, higher interest rates, and surging demand. While overall rents climbed, some neighborhoods like southwest and northeast saw declines — but those were exceptions. Nearly two-thirds of landlords increased prices, with average hikes outpacing cuts. Multifamily specialist Marc Thurston says the market is stable but poised for growth, noting landlords are capitalizing on tenant demand and expecting peak rents in Q4. He’s even raised his own rents — seeing it as a natural, if tough, part of the market’s evolution.

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