The housing market in Santa Maria, CA has seen tremendous growth over the past year, with a median value of $565,100 and an appreciation rate of 11.65%. This is significantly higher than the US House Median Value of $338,100, as well as the US 1 year House Appreciation rate of 8.27%. This shows that Santa Maria is outpacing the national housing market in terms of both price and appreciation. With this trend continuing, those considering investing or buying a house in Santa Maria should take advantage soon before prices become too high.
The median home cost in Santa Maria is $565,100. Home appreciation the last 10 years has been 119.8%. Home Appreciation in Santa Maria is up 14.2%.
Average Age of Homes
- The median age of Santa Maria real estate is 38 years old
The Rental Market in Santa Maria
- Renters make up 47.0% of the Santa Maria population
- 1.1% of houses and apartments in Santa Maria, 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.