The housing market in Lompoc, CA is thriving. The median value of a house in the area is $486,600, which is significantly higher than the US median value of $338,100. This is indicative of strong demand for housing in Lompoc. Furthermore, the one year appreciation rate of houses stands at 11.64%, well above the national average rate of 8.27%. This shows that housing values in Lompoc have been increasing rapidly over the past year and are likely to continue doing so as long as demand remains high.
The median home cost in Lompoc is $486,600. Home appreciation the last 10 years has been 119.8%. Home Appreciation in Lompoc is up 14.2%.
Average Age of Homes
- The median age of Lompoc real estate is 46 years old
The Rental Market in Lompoc
- Renters make up 52.5% of the Lompoc population
- 3.4% of houses and apartments in Lompoc, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.