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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Solvang, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Solvang, CA Housing Market Trends

With 5,986 people, 2,459 houses or apartments, and a median cost of homes of $1,477,617, Solvang house prices are not only among the most expensive in California, Solvang real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Solvang, accounting for 57.08% of the city's housing units. Other types of housing that are prevalent in Solvang include large apartment complexes or high rise apartments ( 27.27%), mobile homes or trailers ( 6.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.68%).

The most prevalent building size and type in Solvang are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.59% owning and 45.41% renting.

There is a lot of housing in Solvang built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Solvang built between 1940-1969 ( 18.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.68%). There's also some housing in Solvang built before 1939 ( 1.72%).

Solvang Home Appreciation Rates

Appreciation rates for homes in Solvang have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.92%, which ranks in the top 50% nationwide. This equates to an annual average Solvang house appreciation rate of 6.68%.

Appreciation rates are so strong in Solvang that despite a nationwide downturn in the housing market, Solvang real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Solvang appreciation rates continue to be some of the highest in America, at 9.91%, which is higher than appreciation rates in 86.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Solvang. Solvang appreciation rates in the latest quarter were at 6.22%, which equates to an annual appreciation rate of 27.31%.

Importantly, this makes Solvang one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Solvang's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

Average Home Values

Median Home Value

$1,477,617

Solvang, CA Home Prices
> $1,479,000
$1,109,001 - $1,479,000
$740,001 - $1,109,000
$592,001 - $740,000
$444,001 - $592,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
44.0%
44.0%
22.7%
22.7%
21.6%
21.6%
1.3%
1.3%
2.7%
2.7%
3.4%
3.4%
3.1%
3.1%
0.0%
0.0%
1.2%
1.2%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

2,459

Solvang Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,086 / per month

Homeownership Rate

Owners
Renters
54.6%
54.6%
45.4%
45.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.1%
4.1%
95.9%
95.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.7%
9.7%
70.3%
70.3%
18.3%
18.3%
1.7%
1.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.1%
57.1%
4.3%
4.3%
4.7%
4.7%
27.3%
27.3%
6.7%
6.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
17.4%
17.4%
20.8%
20.8%
42.6%
42.6%
14.2%
14.2%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Solvang

Zip Codes in Solvang, CA