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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Solana Beach HOMES|
|2000 or Newer||2.9|
|1970 - 1999||71.9|
|1940 - 1969||22.2|
|1939 or Older||3.1|
|TYPE OF Solana Beach HOMES|
|Small Apt. Buildings||7.0|
|SIZE OF Solana Beach HOMES|
|5 or more bedrooms||4.80|