Isla Vista, CA is a popular town located near the University of California Santa Barbara campus. The housing market in Isla Vista has been booming in recent years, with the median house value soaring to $1,489,400 - significantly higher than the US median value of $338,100. Furthermore, the one year appreciation rate for Isla Vista housing has been impressive at 10.50%, which is over two points higher than the US national average of 8.27%. With its close proximity to the college campus and its growing demand in terms of house values and appreciation rates, Isla Vista is an ideal place for both homeowners and investors alike.
The median home cost in Isla Vista is $1,489,400. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Isla Vista is up 0.5%.
Average Age of Homes
- The median age of Isla Vista real estate is 37 years old
The Rental Market in Isla Vista
- Renters make up 90.5% of the Isla Vista population
- 1.9% of houses and apartments in Isla Vista, 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.