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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 107,014, 27,771 total housing units (homes and apartments), and a median house value of $343,656, Santa Maria real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Santa Maria, accounting for 59.65% of the city's housing units. Other types of housing that are prevalent in Santa Maria include large apartment complexes or high rise apartments ( 21.35%), duplexes, homes converted to apartments or other small apartment buildings ( 8.42%), and a few mobile homes or trailers ( 5.77%).
The most prevalent building size and type in Santa Maria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.53% owning and 50.47% renting.
There is a lot of housing in Santa Maria built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Santa Maria built between 1940-1969 ( 32.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.79%). There's also some housing in Santa Maria built before 1939 ( 3.37%).
In the last 10 years, Santa Maria has experienced some of the highest home appreciation rates of any community in the nation. Santa Maria real estate appreciated 62.64% over the last ten years, which is an average annual home appreciation rate of 4.98%, putting Santa Maria in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Santa Maria definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Santa Maria's appreciation rate, at 3.95%, has been at or slightly above the national average. In the latest quarter, Santa Maria's appreciation rate has been -0.69%, which annualizes to a rate of -2.74%.
Notably, Santa Maria's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Santa Maria's latest annual appreciation rate is higher 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 Santa Maria differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Maria - 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 Santa Maria real estate investment or home purchase decisions.
|$970,001 - $1,293,000||1.0|
|$646,001 - $970,000||2.5|
|$517,001 - $646,000||9.8|
|$388,001 - $517,000||28.0|
|$259,001 - $388,000||38.2|
|$129,001 - $259,000||11.3|
|$65,001 - $129,000||3.4|
|$0 - $65,000||4.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Santa Maria HOMES|
|2000 or Newer||18.8|
|1970 - 1999||45.3|
|1940 - 1969||32.5|
|1939 or Older||3.4|
|TYPE OF Santa Maria HOMES|
|Small Apt. Buildings||8.4|
|SIZE OF Santa Maria HOMES|
|5 or more bedrooms||3.33|