Solana Beach, 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 Q4 2020. 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

Solana Beach, CA Housing Market Trends

With a population of 13,296, 5,571 total housing units (homes and apartments), and a median house value of $1,651,126, Solana Beach house prices are not only among the most expensive in California, Solana Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Solana Beach, accounting for 46.36% of the city's housing units. Other types of housing that are prevalent in Solana Beach include large apartment complexes or high rise apartments ( 30.37%), row houses and other attached homes ( 13.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.10%).

People in Solana Beach primarily live in small (one, two or no bedroom) single-family detached homes. Solana Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Solana Beach 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 Solana Beach built between 1940-1969 ( 23.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.56%). There's also some housing in Solana Beach built before 1939 ( 1.60%).

Vacant housing appears to be an issue in Solana Beach. Fully 16.49% of the housing stock is classified as vacant. Left unchecked, vacant Solana Beach homes and apartments can be a drag on the real estate market, holding Solana Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Solana Beach Home Appreciation Rates

In the last 10 years, Solana Beach has experienced some of the highest home appreciation rates of any community in the nation. Solana Beach real estate appreciated 93.29% over the last ten years, which is an average annual home appreciation rate of 6.81%, putting Solana Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Solana Beach 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 Solana Beach that despite a nationwide downturn in the housing market, Solana Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Solana Beach appreciation rates continue to be some of the highest in America, at 8.08%, which is higher than appreciation rates in 95.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Solana Beach. Solana Beach appreciation rates in the latest quarter were at 4.30%, which equates to an annual appreciation rate of 18.35%.

Importantly, this makes Solana Beach 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 Solana Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,651,126

Solana Beach, CA HOME PRICES

> $1,378,000
67.5%
67.5%
$1,034,001 - $1,378,000
13.0%
13.0%
$689,001 - $1,034,000
10.9%
10.9%
$551,001 - $689,000
1.4%
1.4%
$413,001 - $551,000
2.8%
2.8%
$275,001 - $413,000
1.6%
1.6%
$137,001 - $275,000
0.8%
0.8%
$69,001 - $137,000
0.3%
0.3%
$0 - $69,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
5,571

Solana Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
205.35% 5.46%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,621 / per month

Homeownership Rate

Owners
60.8%
60.8%
Renters
39.2%
39.2%
Vacant
16.5%
16.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
70.0%
70.0%
1940 - 1969
23.9%
23.9%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.4%
46.4%
Townhomes
13.7%
13.7%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
30.4%
30.4%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
14.0%
14.0%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
28.3%
28.3%
4 Bedrooms
14.9%
14.9%
5 or more bedrooms
7.4%
7.4%
0.0% 100.0%
% OF HOMES