Goleta, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Goleta Housing Market Information

With 30,944 people, 11,034 houses or apartments, and a median cost of homes of $774,230, 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 47.38% of the city's housing units. Other types of housing that are prevalent in Goleta include large apartment complexes or high rise apartments ( 28.88%), duplexes, homes converted to apartments or other small apartment buildings ( 9.36%), and a few row houses and other attached homes ( 9.15%).

The most prevalent building size and type in Goleta are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.25% owning and 47.75% renting.

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 48.54% of the city's housing hails from this era. Other housing ages represented in Goleta include homes built between 1970-1999 ( 39.84%) and housing constructed between 2000 and later ( 10.01%). There's also some housing in Goleta built before 1939 ( 1.60%).

Goleta Home Appreciation Rates

Real estate appreciation rates in Goleta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

NeighborhoodScout's data show that during the latest twelve months, Goleta's appreciation rate, at 5.42%, has been at or slightly above the national average. In the latest quarter, Goleta's appreciation rate has been -0.28%, which annualizes to a rate of -1.10%.

Relative to California, our data show that Goleta's latest annual appreciation rate is lower than 80% 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

 

Median Home Value:
$774,230

Goleta, CA HOME PRICES

Value Range
> $1,242,000 5.7
$931,001 - $1,242,000 23.2
$621,001 - $931,000 36.4
$497,001 - $621,000 9.2
$373,001 - $497,000 13.0
$248,001 - $373,000 5.6
$124,001 - $248,000 3.3
$62,001 - $124,000 2.3
$0 - $62,000 1.2

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.10945740067971 19.8412698412698

Number Of Homes And Apartments:
11,034

Goleta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
79.16% 3.44% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,659 / per month

Homeownership Rate

Homeownership
Owners 52.25
Renters 47.75
Vacant 5.96

Housing Market Details

 

Age of Homes

AGE OF Goleta HOMES
2000 or Newer 10.0
1970 - 1999 39.8
1940 - 1969 48.5
1939 or Older 1.6

Types of Homes

TYPE OF Goleta HOMES
Single-Family 47.4
Townhomes 9.1
Small Apt. Buildings 9.4
Apt. Complexes 28.9
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Goleta HOMES
No Bedroom 4.58
1 Bedroom 19.18
2 Bedrooms 23.50
3 Bedrooms 30.13
4 Bedrooms 18.03
5 or more bedrooms 4.59