Santa Paula, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Santa Paula Neighborhoods Since 2000




Santa Paula, 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

Santa Paula Housing Market Information

With a population of 30,546, 8,614 total housing units (homes and apartments), and a median house value of $414,289, real estate costs in Santa Paula 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 Paula, accounting for 60.17% of the city's housing units. Other types of housing that are prevalent in Santa Paula include large apartment complexes or high rise apartments ( 13.03%), duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), and a few row houses and other attached homes ( 8.31%).

The most prevalent building size and type in Santa Paula are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.48% owning and 42.52% 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. Santa Paula's housing was primarily built during this period, from the '40s through the '60s. A full 42.53% of the city's housing hails from this era. Other housing ages represented in Santa Paula include homes built between 1970-1999 ( 36.92%) and housing constructed before 1939 ( 13.72%). There's also some housing in Santa Paula built between 2000 and later ( 6.83%).

Santa Paula Home Appreciation Rates

Homes have actually lost value in Santa Paula over the last then years, as home values have seen a decline of 20.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Santa Paula home appreciation rates at 1.13%, which equates to an annual appreciation rate of 4.58%.

Appreciation rates are so strong in Santa Paula that despite a nationwide downturn in the housing market, Santa Paula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Santa Paula appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 81.17% 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 Paula. Santa Paula appreciation rates in the latest quarter were at 1.13%, which equates to an annual appreciation rate of 4.58%.

Relative to California, our data show that Santa Paula's latest annual appreciation rate is lower than 60% 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 Paula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Paula - 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 Paula real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$414,289

Santa Paula, CA HOME PRICES

Value Range
> $1,324,000 2.5
$993,001 - $1,324,000 2.3
$662,001 - $993,000 8.5
$529,001 - $662,000 11.4
$397,001 - $529,000 26.7
$265,001 - $397,000 21.4
$132,001 - $265,000 14.8
$66,001 - $132,000 7.2
$0 - $66,000 5.1

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
8.78940583616548 51.8518518518518

Number Of Homes And Apartments:
8,614

Santa Paula 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
88.21% 3.73% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,621 / per month

Homeownership Rate

Homeownership
Owners 57.48
Renters 42.52
Vacant 4.79

Housing Market Details

 

Age of Homes

AGE OF Santa Paula HOMES
2000 or Newer 6.8
1970 - 1999 36.9
1940 - 1969 42.5
1939 or Older 13.7

Types of Homes

TYPE OF Santa Paula HOMES
Single-Family 60.2
Townhomes 8.3
Small Apt. Buildings 11.0
Apt. Complexes 13.0
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Santa Paula HOMES
No Bedroom 2.10
1 Bedroom 9.01
2 Bedrooms 33.26
3 Bedrooms 39.88
4 Bedrooms 13.66
5 or more bedrooms 2.09