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Solvang, CA—93463

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,436,000
5.4% YoY Growth
Household Income
$130,000
58.9% YoY Growth
Days on Market
52
68.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$3,200
9.8% YoY Growth
1-Bed Rent
$2,700
11.9% YoY Growth
2-Bed Rent
$2,400
10.0% YoY Growth
3-Bed Rent
$5,250
2.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Solvang, CA

As of May '26, the median home price in Solvang, CA is $1,436,000, with a year-over-year change of 5.4%. This indicates that home prices in Solvang, CA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,436,0005.4%
Single Family $1,521,0006.1%
Condos $644,0001.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$802,0002.3%
    3 Bed
    		$1,381,0005.9%
    4 Bed
    		$1,730,0006.3%
    5 Bed $2,382,1558.9%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    13.6%
    2 Bedrooms
    24.0%
    3 Bedrooms
    40.3%
    4 Bedrooms
    16.5%
    5+ Bedrooms
    4.0%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    32.7%
    2 Bedrooms
    36.4%
    3 Bedrooms
    23.7%
    4 Bedrooms
    2.5%
    5+ Bedrooms
    0.2%

    Property Listings — Solvang, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Solvang, CA is 52. This is a increase of 68.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,680,000-19.0%
    Listing Count
    		6015.0%
    Listings as % of Homes0.5%15.0%
    Days on Market
    		5268.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		8,1000.9%
    % Under 18
    		15.5%-20.1%
    % Seniors
    		31.6%36.2%
    % WFH
    		20.4%112.5%
    % w/ College Degree
    		43.7%6.8%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio9.3
    Median Home Price$1,436,000
    Median Household Income$130,000

    Solvang, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    93427

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    Frequently Asked Questions