Santa Maria, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Santa Maria, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Santa Maria Housing Market Information

With 107,014 people, 27,771 houses or apartments, and a median cost of homes of $349,602, 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 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%).

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 50.82% over the last ten years, which is an average annual home appreciation rate of 4.19%, 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.

Appreciation rates are so strong in Santa Maria that despite a nationwide downturn in the housing market, Santa Maria real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Maria appreciation rates continue to be some of the highest in America, at 9.94%, which is higher than appreciation rates in 91.02% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Santa Maria. Santa Maria appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.59%.

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 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 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:
$349,602

Santa Maria, CA HOME PRICES

Value Range
> $1,315,000 1.1
$986,001 - $1,315,000 0.7
$658,001 - $986,000 3.9
$526,001 - $658,000 13.0
$394,001 - $526,000 30.3
$263,001 - $394,000 32.9
$132,001 - $263,000 8.0
$66,001 - $132,000 3.9
$0 - $66,000 6.2

Low for CA
Very High for Nation

Value Relative to Nation Value Relative to State
14.5459854014599 64.7444298820446

Number Of Homes And Apartments:
27,771

Santa Maria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
116.78% 4.10%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,938 / per month

Homeownership Rate

Homeownership
Owners 49.53
Renters 50.47
Vacant 3.86

Housing Market Details

 

Age of Homes

AGE OF Santa Maria HOMES
2000 or Newer 18.8
1970 - 1999 45.3
1940 - 1969 32.5
1939 or Older 3.4

Types of Homes

TYPE OF Santa Maria HOMES
Single-Family 59.7
Townhomes 4.8
Small Apt. Buildings 8.4
Apt. Complexes 21.4
Mobile Homes 5.8
Other 0.1

Home Size

SIZE OF Santa Maria HOMES
No Bedroom 2.69
1 Bedroom 10.23
2 Bedrooms 27.98
3 Bedrooms 39.44
4 Bedrooms 16.32
5 or more bedrooms 3.33