Goleta, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Goleta Housing Market Information

With 30,911 people, 10,964 houses or apartments, and a median cost of homes of $885,709, Goleta house prices are not only among the most expensive in California, Goleta real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Goleta, accounting for 46.54% of the city's housing units. Other types of housing that are prevalent in Goleta include large apartment complexes or high rise apartments ( 30.36%), duplexes, homes converted to apartments or other small apartment buildings ( 9.65%), and a few row houses and other attached homes ( 8.14%).

People in Goleta primarily live in small (one, two or no bedroom) single-family detached homes. Goleta has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Goleta's housing was primarily built during this period, from the '40s through the '60s. A full 46.39% of the city's housing hails from this era. Other housing ages represented in Goleta include homes built between 1970-1999 ( 37.58%) and housing constructed between 2000 and later ( 14.55%). There's also some housing in Goleta built before 1939 ( 1.48%).

Goleta Home Appreciation Rates

Appreciation rates for homes in Goleta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.76%, which ranks in the top 40% nationwide. This equates to an annual average Goleta house appreciation rate of 3.33%.

Over the last year, Goleta appreciation rates have trailed the rest of the nation. In the last twelve months, Goleta's appreciation rate has been 3.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Goleta were at 0.74%, which equates to an annual appreciation rate of 3.01%.

Notably, Goleta's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Goleta's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Goleta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goleta - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Goleta real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$885,709

Goleta, CA HOME PRICES

> $1,130,000
10.4%
10.4%
$847,001 - $1,130,000
39.6%
39.6%
$565,001 - $847,000
26.0%
26.0%
$452,001 - $565,000
6.2%
6.2%
$339,001 - $452,000
8.9%
8.9%
$226,001 - $339,000
4.3%
4.3%
$113,001 - $226,000
2.2%
2.2%
$56,001 - $113,000
1.5%
1.5%
$0 - $56,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
10,964

Goleta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
98.25% 3.35%
3
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,988 / per month

Homeownership Rate

Owners
52.6%
52.6%
Renters
47.4%
47.4%
Vacant
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
14.5%
14.5%
1970 - 1999
37.6%
37.6%
1940 - 1969
46.4%
46.4%
1939 or Older
1.5%
1.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.5%
46.5%
Townhomes
8.1%
8.1%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
30.4%
30.4%
Mobile Homes
5.3%
5.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
19.9%
19.9%
2 Bedrooms
24.8%
24.8%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
18.6%
18.6%
5 or more bedrooms
4.1%
4.1%
0.0% 100.0%
% OF HOMES