Summerland—93067
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerland
As of Oct '25, the median home price in Summerland is $2,522,000, with a year-over-year change of -1.5%. This indicates that home prices in Summerland are decreasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $2,522,000 | -1.5% |
| Single Family | $2,591,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,736,000 | -3.4% |
3 Bed | $2,727,000 | -0.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summerland
As of July '25, Rentcast reports the average rent in Summerland is $6,900, with a year-over-year rent change of 35.6%. Per bedroom, the median rent as of July '25 in Summerland is 1-bedrooms: $3,380, 2-bedrooms: $6,880, 3-bedrooms: $9,320, 4-bedrooms: $7,800. The most common rental property sizes in Summerland are studio and 1-bedroom, accounting for 41.1% and 35.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $7,500 | $6,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $3,100 | $3,380 |
| 2 Bed Rent | $6,250 | $6,880 |
| 3 Bed Rent | $8,800 | $9,320 |
| 4 Bed Rent | $7,800 | $7,800 |
% of Rental Stock
Property Listings — Summerland
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerland is 115. This is a increase of 65.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $7,370,000 | 183.0% |
Listing Count | 8 | -44.0% |
| Listings as % of Homes | 0.9% | -44.0% |
Days on Market | 115 | 65.0% |
Demographics — Summerland
As of the latest ACS Survey released in 2023, Summerland has a population of 993, which has increased by 118.7% over the past 5 years. Summerland is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 50.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 56.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 993 | 118.7% |
% Under 18 | 23.9% | ∞% |
% Seniors | 18.1% | -60.0% |
% WFH | 56.0% | 22.0% |
% w/ College Degree | 50.6% | -26.3% |
As of the latest ACS Survey released in 2023, Summerland is a predominantly white area, with 44.8% of the population identifying as white. The white population has shrunk by 51.3% in the last 5 years. The second most common race or ethnicity in Summerland is hispanic, making up 33.7% of the population. Foreign-born residents account for 8.8% of the population in Summerland, and this percentage has decreased by 63.9% 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 | 44.8% | -51.3% |
% Black | 0.0% | N/A |
% Hispanic | 33.7% | 316.0% |
% Asian | 18.3% | ∞% |
% Foreign Born | 8.8% | -63.9% |
Mortgage and Risk — Summerland
Summerland lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Summerland
As of 2024, the percent of homes in Summerland under the Section 8 program is 10.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Summerland, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 10.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $580 | $3,100 | $3,680 |
| 2 Bedroom | -$2,100 | $6,250 | $4,150 |
| 3 Bedroom | -$3,310 | $8,800 | $5,490 |
| 4 Bedroom | -$1,680 | $7,800 | $6,120 |
Affordability — Summerland
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 24.8 |
| Median Home Price | $2,522,000 |
| Median Household Income | N/A |