The Santa Maria-Santa Barbara, CA Metro Area has a median housing value of $863,600, which is significantly higher than the US House median value. The appreciation rate of the housing in this area is also higher at 9.75%, compared to the national average of 8.27%. This area is a popular destination for prospective homeowners who are looking for luxurious and high-end properties in a desirable location. The combination of lower interest rates and an increasing demand in this area have helped to drive up housing prices and have resulted in some very impressive returns on investments.
The median home cost in Santa Maria-Santa Barbara Metro Area is $863,600. Home appreciation the last 10 years has been 93.6%. Home Appreciation in Santa Maria-Santa Barbara Metro Area is up 8.1%.
Average Age of Homes
- The median age of Santa Maria-Santa Barbara Metro Area real estate is 45 years old
The Rental Market in Santa Maria-Santa Barbara Metro Area
- Renters make up 44.1% of the Santa Maria-Santa Barbara Metro Area population
- 1.3% of houses and apartments in Santa Maria-Santa Barbara Metro Area, 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.