Much like other places in this area, it's similar compared to the country as a whole. Compared to the city of Los Angeles however, it is a lot less expensive.
Home prices
The median home in Greenacres is valued at $221,700. This is roughly $9,680 (4%) higher in comparison to its nearby areas.Compared to the United States as a whole it is about $4,200 (1%) higher, and is approximately $415,200 (65%) lower compared to the city of Los Angeles.
Rents
The median monthly rent in Greenacres is $1,183. This is about $232 (24%) higher compared to the surrounding areas.It is roughly $121 (11%) higher in comparison to the rest of the nation, and it is about $267 (18%) lower compared to the city of Los Angeles.
Nearby places
Rosedale
Rosedale is Greenacres's neighbor to the west. The housing prices there are a lot more expensive. The median home in Rosedale is valued at $412,500, which works out to $190,800 (46%) higher than Greenacres. Its rents are somewhat less expensive. The median rent in Rosedale is $903 a month, which is $280 (31%) lower than Greenacres.
Bakersfield
Bakersfield is Greenacres's neighbor to the southeast. Its housing prices are a bit more expensive. The cost of the median home in Bakersfield is $247,000, which comes out to $25,300 (10%) higher than Greenacres. Rent there is somewhat less expensive. In Bakersfield the median rent is $1,104 a month, which comes out to $79 (7%) lower than Greenacres.
Oildale
Oildale is approximately 5 miles northeast from Greenacres. Housing prices there are significantly less expensive. The price of the median home in Oildale is $160,300, which works out to $61,400 (38%) lower than Greenacres. Its rents are somewhat less expensive. In Oildale the median rent is $978 a month, which works out to $205 (20%) lower than Greenacres.
Shafter
Shafter is roughly 8 miles northwest from Greenacres. The housing prices there are a little less expensive. The median home in Shafter is valued at $175,300, which is $46,400 (26%) lower than Greenacres. Rent there is significantly less expensive. The median monthly rent in Shafter is $868, which comes out to $315 (36%) lower than Greenacres.
Mexican Colony
Mexican Colony is about 9 miles northwest of Greenacres. Its real estate prices are significantly less expensive. The median home in Mexican Colony costs $65,000, which works out to $156,700 (241%) lower than Greenacres. The rent there is a bit less expensive. Mexican Colony's median rent is $903 per month, which is $280 (31%) lower than Greenacres.
