Solana Beach, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Solana Beach Neighborhoods Since 2000




Solana Beach, 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

Solana Beach Housing Market Information

With a population of 13,449, 5,657 total housing units (homes and apartments), and a median house value of $1,174,266, 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 47.16% of the city's housing units. Other types of housing that are prevalent in Solana Beach include large apartment complexes or high rise apartments ( 29.30%), row houses and other attached homes ( 16.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.96%).

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 ( 22.15%). A lesser amount of the housing stock also hails from before 1939 ( 3.06%). There's also some housing in Solana Beach built between 2000 and later ( 2.88%).

Vacant housing appears to be an issue in Solana Beach. Fully 12.06% 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 28.26% over the last ten years, which is an average annual home appreciation rate of 2.52%, 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.

Over the last year, Solana Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Solana Beach's appreciation rate has been 3.08%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Solana Beach were at 1.68%, which equates to an annual appreciation rate of 6.89%.

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 lower than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$1,174,266

Solana Beach, CA HOME PRICES

Value Range
> $1,267,000 47.8
$950,001 - $1,267,000 18.9
$634,001 - $950,000 20.4
$507,001 - $634,000 5.1
$380,001 - $507,000 5.7
$253,001 - $380,000 0.8
$126,001 - $253,000 0.5
$64,001 - $126,000 0.3
$0 - $64,000 0.5

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
0.732450486347123 7.53968253968254

Number Of Homes And Apartments:
5,657

Solana Beach 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
116.73% 4.59% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,659 / per month

Homeownership Rate

Homeownership
Owners 59.06
Renters 40.94
Vacant 12.06

Housing Market Details

 

Age of Homes

AGE OF Solana Beach HOMES
2000 or Newer 2.9
1970 - 1999 71.9
1940 - 1969 22.2
1939 or Older 3.1

Types of Homes

TYPE OF Solana Beach HOMES
Single-Family 47.2
Townhomes 16.3
Small Apt. Buildings 7.0
Apt. Complexes 29.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Solana Beach HOMES
No Bedroom 2.67
1 Bedroom 11.77
2 Bedrooms 34.96
3 Bedrooms 29.13
4 Bedrooms 16.66
5 or more bedrooms 4.80