Santa Maria, CA Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Santa Maria, CA Housing Market Trends

With a population of 107,263, 27,868 total housing units (homes and apartments), and a median house value of $402,576, real estate costs in Santa Maria are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Santa Maria, accounting for 60.48% of the city's housing units. Other types of housing that are prevalent in Santa Maria include large apartment complexes or high rise apartments ( 21.47%), duplexes, homes converted to apartments or other small apartment buildings ( 8.06%), and a few row houses and other attached homes ( 5.09%).

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 49.15% owning and 50.85% 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 ( 27.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.77%). There's also some housing in Santa Maria built before 1939 ( 3.09%).

Santa Maria Home Appreciation Rates

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 108.99% over the last ten years, which is an average annual home appreciation rate of 7.65%, 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 8.81%, has been at or slightly above the national average. In the latest quarter, Santa Maria's appreciation rate has been 4.18%, which annualizes to a rate of 17.80%.

Importantly, this makes Santa Maria one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Santa Maria's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$402,576

Santa Maria, CA HOME PRICES

> $1,248,000
0.8%
0.8%
$936,001 - $1,248,000
0.7%
0.7%
$624,001 - $936,000
4.3%
4.3%
$499,001 - $624,000
17.1%
17.1%
$374,001 - $499,000
39.1%
39.1%
$250,001 - $374,000
27.4%
27.4%
$125,001 - $250,000
5.6%
5.6%
$63,001 - $125,000
3.0%
3.0%
$0 - $63,000
2.1%
2.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
27,868

Santa Maria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
138.73% 4.13%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,665 / per month

Homeownership Rate

Owners
49.2%
49.2%
Renters
50.8%
50.8%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
50.6%
50.6%
1940 - 1969
27.6%
27.6%
1939 or Older
3.1%
3.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.5%
60.5%
Townhomes
5.1%
5.1%
Small Apt. Buildings
8.1%
8.1%
Apt. Complexes
21.5%
21.5%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
10.8%
10.8%
2 Bedrooms
26.8%
26.8%
3 Bedrooms
41.5%
41.5%
4 Bedrooms
14.8%
14.8%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES