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

Written by:
September 29, 2022
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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 not 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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Lompoc, California

- 1-year price change: +$66,463 (+13.9%)
- 5-year price change: +$210,109 (+63.1%)
- Typical home value: $543,038 (#13 most expensive city in metro)
2 / 14
Stacker

#13. Santa Maria, California

- 1-year price change: +$77,419 (+14.9%)
- 5-year price change: +$232,848 (+64.0%)
- Typical home value: $596,397 (#12 most expensive city in metro)
3 / 14
Stacker

#12. Guadalupe, California

- 1-year price change: +$87,973 (+20.5%)
- 5-year price change: +$201,463 (+64.0%)
- Typical home value: $516,325 (#14 most expensive city in metro)
4 / 14
Stacker

#11. Los Alamos, California

- 1-year price change: +$105,076 (+14.4%)
- 5-year price change: +$300,302 (+56.3%)
- Typical home value: $833,435 (#11 most expensive city in metro)
5 / 14
Stacker

#10. Buellton, California

- 1-year price change: +$127,283 (+17.3%)
- 5-year price change: +$301,570 (+53.7%)
- Typical home value: $863,334 (#10 most expensive city in metro)

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6 / 14
Stacker

#9. Goleta, California

- 1-year price change: +$236,178 (+21.7%)
- 5-year price change: +$515,090 (+63.8%)
- Typical home value: $1,322,892 (#9 most expensive city in metro)
7 / 14
Stacker

#8. Carpinteria, California

- 1-year price change: +$250,580 (+20.4%)
- 5-year price change: +$576,698 (+63.9%)
- Typical home value: $1,478,838 (#7 most expensive city in metro)
8 / 14
Stacker

#7. Solvang, California

- 1-year price change: +$276,597 (+24.9%)
- 5-year price change: +$588,102 (+73.5%)
- Typical home value: $1,388,094 (#8 most expensive city in metro)
9 / 14
Stacker

#6. Isla Vista, California

- 1-year price change: +$297,664 (+22.0%)
- 5-year price change: +$708,322 (+75.1%)
- Typical home value: $1,650,929 (#6 most expensive city in metro)
10 / 14
Stacker

#5. Santa Barbara, California

- 1-year price change: +$329,449 (+21.9%)
- 5-year price change: +$750,955 (+69.4%)
- Typical home value: $1,833,009 (#3 most expensive city in metro)

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11 / 14
Stacker

#4. Santa Ynez, California

- 1-year price change: +$352,294 (+24.3%)
- 5-year price change: +$777,102 (+75.7%)
- Typical home value: $1,803,236 (#4 most expensive city in metro)
12 / 14
Stacker

#3. Los Olivos, California

- 1-year price change: +$397,236 (+30.0%)
- 5-year price change: +$809,674 (+88.8%)
- Typical home value: $1,721,489 (#5 most expensive city in metro)
13 / 14
Stacker

#2. Summerland, California

- 1-year price change: +$692,069 (+27.2%)
- 5-year price change: +$1,350,791 (+71.8%)
- Typical home value: $3,232,915 (#2 most expensive city in metro)
14 / 14
Stacker

#1. Montecito, California

- 1-year price change: +$968,546 (+22.9%)
- 5-year price change: +$1,952,701 (+60.0%)
- Typical home value: $5,206,451 (#1 most expensive city in metro)

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