How Bakersfield’s Population Growth Is Fueling Self-Storage Demand
Bakersfield, California, has been experiencing population growth in recent years. According to the U.S. Census Bureau, the city's population increased by approximately 2.2% from April 2020 to July 2023. Projections indicate that this upward trend is expected to continue, with the metro area population reaching 741,000 in 2024 and 751,000 in 2025, reflecting annual increases of 1.51% and 1.35%, respectively. Census.govMacrotrends
When considering a move to Bakersfield, several factors may influence your decision:
Affordability: Bakersfield offers a more affordable cost of living compared to many other California cities. The median home sale price is approximately $392,990, which is significantly lower than in Los Angeles or San Francisco. Additionally, the average monthly rent is around $1,408, making housing relatively accessible.Redfin
Proximity to Major Cities: Located about two hours north of Los Angeles, Bakersfield provides convenient access to the amenities of a major metropolitan area while maintaining a more relaxed, suburban environment. Homes & Real Estate for Sale | UpHomes
Climate and Environment: Bakersfield has a hot, arid climate, with long, hot summers and mild winters. This may be appealing if you prefer warmer weather, but it's important to consider if you're sensitive to heat.
Economic Opportunities: The city's economy is diverse, with key industries including agriculture, oil production, and manufacturing. However, job opportunities may vary depending on your field of expertise.
Community and Lifestyle: Bakersfield is known for its family-friendly atmosphere and offers various recreational activities, cultural events, and dining options. However, some residents note that it may lack the cultural diversity and entertainment options found in larger cities.
Bakersfield's growing population and affordability make it an attractive option for many. However, it's essential to weigh factors such as climate, economic opportunities, and lifestyle preferences to determine if it's the right fit for you.
The population growth in Bakersfield, California, is a significant factor contributing to the expansion of the self-storage industry in the area. From 2017 to 2022, Bakersfield's population increased by approximately 8.5%, leading to heightened demand for storage solutions. RentCafe
This growing demand has influenced self-storage rental rates. As of early 2025, the average cost of a 10x10 storage unit in Bakersfield is $93 per month, reflecting a 1.1% increase compared to the previous year. The LeClaire-Schlosser Group+1CBRE Investment Management+1StorageCafe
In summary, Bakersfield's population growth has directly contributed to the booming self-storage industry in the area, as more residents seek additional storage solutions to accommodate their needs.
How has the population boom affected the Bakersfield Storage Industry?
People either moving to Barkersfield or selling their homes as property values increase
1. Temporary Storage During Relocation: Self-storage provides a convenient solution for those in transitional phases, such as awaiting the availability of a new residence or managing staggered move-in and move-out dates. This flexibility allows movers to store their belongings securely until they are ready to settle into their new homes.
2. Downsizing or Space Constraints: Upon relocating, some individuals may find their new living spaces smaller than their previous ones. In such cases, self-storage units offer an alternative to parting with possessions that may not fit but are still valued.
3. Home Staging and Selling: For those selling a previous home before moving, decluttering is often essential to make the property more appealing to potential buyers. Self-storage units serve as a temporary holding space for personal items and excess furniture during the staging process.
Duration of Storage Unit Rentals: The length of time individuals rent storage units varies based on their specific circumstances:
- Short-Term Rentals: Many storage facilities offer flexible, month-to-month leasing options, accommodating those who need storage for a brief period during their move. Storage.com
- Long-Term Rentals: In situations involving extended downsizing, prolonged home searches, or ongoing space limitations, individuals may opt for longer rental periods to securely store their belongings.
