Why Live in South Panama Lane
South Panama Lane in Bakersfield is a vibrant neighborhood located just 15 minutes south of the city center. This area celebrates its Latin heritage with a variety of ethnic locales, including food trucks and stores centered around Panama Lane. The neighborhood features a mix of traditional and Mediterranean-influenced homes, with most residences dating back to the 60s, 70s, and 80s. Newer constructions showcase modern Tuscan styles while maintaining classic Spanish Revival elements like stucco exteriors and terracotta roofs. Homes typically have two-car garages and three-bedroom layouts, with some larger new constructions available.
Families in South Panama Lane have access to schools such as Rafaello Palla Elementary, Leon H Ollivier Middle School, and Golden Valley High School, all of which have high ratings. The area is safer than the national average, providing a low crime risk environment for residents. Outdoor enthusiasts can enjoy nearby Stiern Park and Rexland Acres Park, which offer playgrounds, paved paths, and views of the Sequoia National Forest. For more extensive outdoor adventures, the Sequoia and Los Padres National Forests are within reach, and the Pacific coast is a two-hour drive away.
The neighborhood's features include diverse dining and shopping options that highlight its Latin roots. Local favorites like Mariscos Las Caqualitas and Vallarta Supermarkets offer a taste of the local flavor. Residents also benefit from proximity to the historic Golden State Highway 99, connecting them to Downtown Bakersfield in under 15 minutes. Public transportation is accessible with several bus stops along Panama Lane, and Meadow Field Airport is a few miles north for domestic flights.
Home Trends in South Panama Lane, CA
On average, homes in South Panama Lane, Bakersfield sell after 30 days on the market compared to the national average of 51 days. The median sale price for homes in South Panama Lane, Bakersfield over the last 12 months is $392,020, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$392,020
Median Single Family Sale Price
$384,460
Average Price Per Sq Ft
$267
Number of Homes for Sale
8
Last 12 months Home Sales
60
Median List Price
$385,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%