Cities with the fastest growing home prices in Santa Maria metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Santa Maria metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Santa Maria-Santa Barbara, CA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Lompoc, CA

- 1-year price change: +$36,140 (+7.2%)
- 5-year price change: +$203,216 (+60.3%)
- Typical home value: $540,079 (#13 most expensive city in metro)
2 / 14
Stacker

#13. Santa Maria, CA

- 1-year price change: +$37,350 (+6.8%)
- 5-year price change: +$215,455 (+57.6%)
- Typical home value: $589,223 (#12 most expensive city in metro)
3 / 14
Stacker

#12. Guadalupe, CA

- 1-year price change: +$52,428 (+11.3%)
- 5-year price change: +$185,637 (+56.1%)
- Typical home value: $516,830 (#14 most expensive city in metro)
4 / 14
Stacker

#11. Los Alamos, CA

- 1-year price change: +$66,719 (+8.6%)
- 5-year price change: +$291,076 (+53.2%)
- Typical home value: $838,367 (#11 most expensive city in metro)
5 / 14
Stacker

#10. Buellton, CA

- 1-year price change: +$72,974 (+9.1%)
- 5-year price change: +$293,020 (+50.4%)
- Typical home value: $874,590 (#10 most expensive city in metro)

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6 / 14
Stacker

#9. Carpinteria, CA

- 1-year price change: +$156,602 (+12.2%)
- 5-year price change: +$542,380 (+60.7%)
- Typical home value: $1,436,468 (#7 most expensive city in metro)
7 / 14
Stacker

#8. Goleta, CA

- 1-year price change: +$164,297 (+14.1%)
- 5-year price change: +$512,914 (+63.0%)
- Typical home value: $1,326,638 (#9 most expensive city in metro)
8 / 14
Stacker

#7. Isla Vista, CA

- 1-year price change: +$189,196 (+12.4%)
- 5-year price change: +$709,880 (+70.4%)
- Typical home value: $1,718,197 (#6 most expensive city in metro)
9 / 14
Stacker

#6. Solvang, CA

- 1-year price change: +$192,818 (+15.7%)
- 5-year price change: +$583,973 (+69.9%)
- Typical home value: $1,419,877 (#8 most expensive city in metro)
10 / 14
Stacker

#5. Santa Barbara, CA

- 1-year price change: +$200,676 (+12.3%)
- 5-year price change: +$724,235 (+65.6%)
- Typical home value: $1,828,719 (#5 most expensive city in metro)

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11 / 14
Stacker

#4. Santa Ynez, CA

- 1-year price change: +$266,676 (+16.4%)
- 5-year price change: +$819,505 (+76.4%)
- Typical home value: $1,892,278 (#3 most expensive city in metro)
12 / 14
Stacker

#3. Summerland, CA

- 1-year price change: +$303,208 (+10.2%)
- 5-year price change: +$1,228,196 (+59.7%)
- Typical home value: $3,285,011 (#2 most expensive city in metro)
13 / 14
Stacker

#2. Los Olivos, CA

- 1-year price change: +$393,514 (+26.9%)
- 5-year price change: +$881,222 (+90.2%)
- Typical home value: $1,857,802 (#4 most expensive city in metro)
14 / 14
Stacker

#1. Montecito, CA

- 1-year price change: +$588,448 (+12.5%)
- 5-year price change: +$1,904,792 (+56.0%)
- Typical home value: $5,303,594 (#1 most expensive city in metro)

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