Santa Maria, CA—93458
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Maria, CA
As of Oct '25, the median home price in Santa Maria, CA is $593,000, with a year-over-year change of -0.8%. This indicates that home prices in Santa Maria, CA are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $593,000 | -0.8% |
| Single Family | $593,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $476,000 | 0.0% |
3 Bed | $572,000 | -0.7% |
4 Bed | $654,000 | -0.2% |
| 5 Bed | $678,000 | 0.0% |
% of Housing Stock
Rental Trends — Santa Maria, CA
As of July '25, Rentcast reports the average rent in Santa Maria, CA is $2,380, with a year-over-year rent change of -15.9%. Per bedroom, the median rent as of July '25 in Santa Maria, CA is studios: $1,430, 1-bedrooms: $1,760, 2-bedrooms: $2,220, 3-bedrooms: $2,870, 4-bedrooms: $3,720. The most common rental property sizes in Santa Maria, CA are 2-bedroom and 3-bedroom, accounting for 39.9% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,380 |
| Studio Rent | $1,350 | $1,430 |
| 1 Bed Rent | $1,680 | $1,760 |
| 2 Bed Rent | $2,200 | $2,220 |
| 3 Bed Rent | $2,900 | $2,870 |
| 4 Bed Rent | $3,500 | $3,720 |
% of Rental Stock
Property Listings — Santa Maria, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Maria, CA is 34. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $618,000 | 7.0% |
Listing Count | 18 | -34.0% |
| Listings as % of Homes | 0.1% | -34.0% |
Days on Market | 34 | 12.0% |
Demographics — Santa Maria, CA
As of the latest ACS Survey released in 2023, Santa Maria, CA has a population of 59,100, which has increased by 3.1% over the past 5 years. Santa Maria, CA is a popular place for families, as children make up 33.8% of the population. The area has a poorly educated workforce, with 9.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,100 | 3.1% |
% Under 18 | 33.8% | -2.0% |
% Seniors | 8.3% | 16.9% |
% WFH | 4.5% | 104.5% |
% w/ College Degree | 9.2% | 26.0% |
As of the latest ACS Survey released in 2023, Santa Maria, CA is a predominantly hispanic area, with 86.9% of the population identifying as hispanic. The hispanic population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Santa Maria, CA is white, making up 7.9% of the population. Foreign-born residents account for 39.6% of the population in Santa Maria, CA, and this percentage has decreased by 4.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.9% | -13.2% |
% Black | 0.5% | -50.0% |
% Hispanic | 86.9% | 1.6% |
% Asian | 4.1% | -2.4% |
% Foreign Born | 39.6% | -4.8% |
Mortgage and Risk — Santa Maria, CA
According to HUD data as of 2023, there were 296 mortgage originations in Santa Maria, CA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Santa Maria, CA. Investor activity is low, as 4.0% of loans were by investors. 30.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 296 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 30.0% |
Loan Activity
Rentals and Section 8 — Santa Maria, CA
As of 2024, the percent of homes in Santa Maria, CA under the Section 8 program is 11.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Santa Maria, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 896 |
Total Units Section 8 | 895 |
% Rentals under Section 8 | 11.2% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $710 | $1,680 | $2,390 |
| 2 Bedroom | $500 | $2,200 | $2,700 |
| 3 Bedroom | $700 | $2,900 | $3,600 |
| 4 Bedroom | $580 | $3,500 | $4,080 |
Affordability — Santa Maria, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $593,000 |
| Median Household Income | $73,500 |