Lompoc, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lompoc Neighborhoods Since 2000




Lompoc, 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

Lompoc Housing Market Information

With 44,164 people, 13,411 houses or apartments, and a median cost of homes of $283,797, Lompoc real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lompoc, accounting for 51.82% of the city's housing units. Other types of housing that are prevalent in Lompoc include large apartment complexes or high rise apartments ( 18.53%), duplexes, homes converted to apartments or other small apartment buildings ( 17.09%), and a few row houses and other attached homes ( 6.66%).

The most prevalent building size and type in Lompoc are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.25% owning and 59.75% 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. Lompoc's housing was primarily built during this period, from the '40s through the '60s. A full 47.83% of the city's housing hails from this era. Other housing ages represented in Lompoc include homes built between 1970-1999 ( 44.06%) and housing constructed between 2000 and later ( 4.95%). There's also some housing in Lompoc built before 1939 ( 3.16%).

Lompoc Home Appreciation Rates

Homes have actually lost value in Lompoc over the last then years, as home values have seen a decline of 25.30% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lompoc home appreciation rates at -0.28%, which equates to an annual appreciation rate of -1.10%.

Appreciation rates are so strong in Lompoc that despite a nationwide downturn in the housing market, Lompoc real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lompoc appreciation rates continue to be some of the highest in America, at 17.31%, which is higher than appreciation rates in 99.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lompoc. Lompoc appreciation rates in the latest quarter were at -0.28%, which equates to an annual appreciation rate of -1.10%.

Relative to California, our data show that Lompoc's latest annual appreciation rate is higher than 90% 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 Lompoc differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lompoc - 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 Lompoc real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$283,797

Lompoc, CA HOME PRICES

Value Range
> $1,352,000 0.7
$1,014,001 - $1,352,000 0.3
$676,001 - $1,014,000 1.2
$541,001 - $676,000 3.1
$406,001 - $541,000 15.1
$270,001 - $406,000 37.7
$136,001 - $270,000 27.1
$68,001 - $136,000 3.9
$0 - $68,000 10.9

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
18.0475799835931 70.2380952380952

Number Of Homes And Apartments:
13,411

Lompoc 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
62.49% 2.85% 2 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,341 / per month

Homeownership Rate

Homeownership
Owners 40.25
Renters 59.75
Vacant 4.21

Housing Market Details

 

Age of Homes

AGE OF Lompoc HOMES
2000 or Newer 5.0
1970 - 1999 44.1
1940 - 1969 47.8
1939 or Older 3.2

Types of Homes

TYPE OF Lompoc HOMES
Single-Family 51.8
Townhomes 6.7
Small Apt. Buildings 17.1
Apt. Complexes 18.5
Mobile Homes 5.7
Other 0.2

Home Size

SIZE OF Lompoc HOMES
No Bedroom 1.74
1 Bedroom 13.89
2 Bedrooms 31.20
3 Bedrooms 35.25
4 Bedrooms 16.46
5 or more bedrooms 1.46