Solvang, CA—93463
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Solvang, CA
As of Oct '25, the median home price in Solvang, CA is $1,352,000, with a year-over-year change of -0.9%. This indicates that home prices in Solvang, CA are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,352,000 | -0.9% |
| Single Family | $1,431,000 | -0.5% |
| Condos | $636,000 | -1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $773,000 | -2.4% |
3 Bed | $1,295,000 | -0.7% |
4 Bed | $1,632,000 | 0.3% |
| 5 Bed | $2,270,000 | 0.9% |
% of Housing Stock
Rental Trends — Solvang, CA
As of July '25, Rentcast reports the average rent in Solvang, CA is $3,910, with a year-over-year rent change of 9.8%. Per bedroom, the median rent as of July '25 in Solvang, CA is studios: $2,350, 1-bedrooms: $2,440, 2-bedrooms: $2,960, 3-bedrooms: $5,130, 4-bedrooms: $6,420. The most common rental property sizes in Solvang, CA are 2-bedroom and 1-bedroom, accounting for 36.4% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,910 |
| Studio Rent | $2,350 | $2,350 |
| 1 Bed Rent | $2,700 | $2,440 |
| 2 Bed Rent | $2,400 | $2,960 |
| 3 Bed Rent | $5,250 | $5,130 |
| 4 Bed Rent | $6,750 | $6,420 |
% of Rental Stock
Property Listings — Solvang, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Solvang, CA is 91. This is a increase of 18.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,510,000 | 2.0% |
Listing Count | 44 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 91 | 18.0% |
Demographics — Solvang, CA
As of the latest ACS Survey released in 2023, Solvang, CA has a population of 8,100, which has remained stable by 0.9% over the past 5 years. Solvang, CA is a moderately popular place for families, as children make up 15.5% of the population. The area has a moderately educated workforce, with 43.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,100 | 0.9% |
% Under 18 | 15.5% | -20.1% |
% Seniors | 31.6% | 36.2% |
% WFH | 20.4% | 112.5% |
% w/ College Degree | 43.7% | 6.8% |
As of the latest ACS Survey released in 2023, Solvang, CA is a predominantly white area, with 71.4% of the population identifying as white. The white population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Solvang, CA is hispanic, making up 19.4% of the population. Foreign-born residents account for 15.3% of the population in Solvang, CA, and this percentage has decreased by 14.5% 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 | 71.4% | 4.8% |
% Black | 0.4% | -63.6% |
% Hispanic | 19.4% | -24.8% |
% Asian | 2.9% | 0.0% |
% Foreign Born | 15.3% | -14.5% |
Mortgage and Risk — Solvang, CA
According to HUD data as of 2023, there were 69 mortgage originations in Solvang, CA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Solvang, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Solvang, CA
As of 2024, the percent of homes in Solvang, CA under the Section 8 program is 1.7%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Solvang, CA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $2,700 | $2,390 |
| 2 Bedroom | $300 | $2,400 | $2,700 |
| 3 Bedroom | -$1,650 | $5,250 | $3,600 |
| 4 Bedroom | -$2,670 | $6,750 | $4,080 |
Affordability — Solvang, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.2 |
| Median Home Price | $1,352,000 |
| Median Household Income | $130,000 |