Soledad, CA—93960
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Soledad, CA
As of Oct '25, the median home price in Soledad, CA is $614,000, with a year-over-year change of 0.3%. This indicates that home prices in Soledad, CA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $614,000 | 0.3% |
| Single Family | $619,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $464,000 | 0.2% |
3 Bed | $576,000 | -0.2% |
4 Bed | $631,000 | 0.8% |
| 5 Bed | $714,000 | 1.1% |
% of Housing Stock
Rental Trends — Soledad, CA
As of July '25, Rentcast reports the average rent in Soledad, CA is $3,000, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in Soledad, CA is 1-bedrooms: $2,000, 2-bedrooms: $2,600, 3-bedrooms: $3,230, 4-bedrooms: $2,950. The most common rental property sizes in Soledad, CA are 3-bedroom and 2-bedroom, accounting for 28.3% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,500 | $2,600 |
| 3 Bed Rent | $3,200 | $3,230 |
| 4 Bed Rent | $2,600 | $2,950 |
% of Rental Stock
Property Listings — Soledad, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Soledad, CA is 35. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $710,000 | 0.0% |
Listing Count | 16 | -17.0% |
| Listings as % of Homes | 0.4% | -17.0% |
Days on Market | 35 | -26.0% |
Demographics — Soledad, CA
As of the latest ACS Survey released in 2023, Soledad, CA has a population of 25,700, which has decreased by -3.3% over the past 5 years. Soledad, CA is a moderately popular place for families, as children make up 24.6% of the population. The area has a poorly educated workforce, with 7.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,700 | -3.3% |
% Under 18 | 24.6% | 8.8% |
% Seniors | 6.8% | 11.5% |
% WFH | 2.8% | 75.0% |
% w/ College Degree | 7.4% | 4.2% |
As of the latest ACS Survey released in 2023, Soledad, CA is a predominantly hispanic area, with 79.3% of the population identifying as hispanic. The hispanic population has grown by 9.2% in the last 5 years. The second most common race or ethnicity in Soledad, CA is white, making up 9.3% of the population. Foreign-born residents account for 30.2% of the population in Soledad, CA, and this percentage has decreased by 0.7% 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 | 9.3% | -34.5% |
% Black | 6.9% | -16.9% |
% Hispanic | 79.3% | 9.2% |
% Asian | 3.0% | 42.9% |
% Foreign Born | 30.2% | -0.7% |
Mortgage and Risk — Soledad, CA
According to HUD data as of 2023, there were 190 mortgage originations in Soledad, CA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Soledad, CA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 190 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Soledad, CA
As of 2024, the percent of homes in Soledad, CA under the Section 8 program is 8.3%. 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 Soledad, 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 | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $2,000 | $2,140 |
| 2 Bedroom | $100 | $2,500 | $2,600 |
| 3 Bedroom | $400 | $3,200 | $3,600 |
| 4 Bedroom | $1,360 | $2,600 | $3,960 |
Affordability — Soledad, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $614,000 |
| Median Household Income | $92,500 |