The housing market in 93454 Santa Maria, CA is experiencing growth. The median value of a home in the area is $506,700, which is significantly higher than the US House median value of $338,100. In addition, the 1 year house appreciation rate in Santa Maria is 11.64%, which is higher than the national average of 8.27%. This indicates that housing prices in this area are increasing at a rapid rate and could continue to do so for some time. Overall, this makes Santa Maria an attractive investment for potential home buyers looking to get into the housing market.
The median home cost in Santa Maria (zip 93454) is $506,700. Home appreciation the last 10 years has been 119.8%. Home Appreciation in Santa Maria (zip 93454) is up 14.2%.
Average Age of Homes
- The median age of Santa Maria (zip 93454) real estate is 43 years old
The Rental Market in Santa Maria (zip 93454)
- Renters make up 45.1% of the Santa Maria (zip 93454) population
- 0.4% of houses and apartments in Santa Maria (zip 93454), 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.