Home Values

Santa Maria Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$308,800

  • 11.3% 1-year change
  • 6.9% 1-year forecast

The median home value in Santa Maria is $308,800. Santa Maria home values have gone up 11.3% over the past year and Zillow predicts they will rise 6.9% within the next year. The median list price per square foot in Santa Maria is $204, which is lower than the Santa Barbara Metro average of $415. The median price of homes currently listed in Santa Maria is $330,000 while the median price of homes that sold is $325,525. The median rent price in Santa Maria is $1,625.

Foreclosures will be a factor impacting home values in the next several years. In Santa Maria 2.6 homes are foreclosed (per 10,000). This is greater than the Santa Barbara Metro value of 2.1 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Santa Maria is 4.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Santa Maria homeowners underwater on their mortgage is 19.7%, which is higher than Santa Barbara Metro at 14.2%.

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Relative ZHVI
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Santa Maria Market Overview

Data through Dec 31, 2014
  • $308,800 ZHVI
  • 6.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $330,000 Median listing price
  • $325,525 Median sale price
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Santa Maria Market Health

Data through Dec 31, 2014
  • 8.6/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 19.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes Santa Maria
2.1 homes Santa Barbara Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Santa Ynez $793,500
Solvang $685,700
Arroyo Grande $593,400
Name Median ZHVI
Buellton $498,000
Los Alamos $492,600
Nipomo $467,800
Name Median ZHVI
Oceano $348,300
Lompoc $259,800
Guadalupe $212,800

Listings & Sales

Data through Dec 31, 2014
  • $204 Median list price / sq ft
  • $199 Median sale price / sq ft
  • 13.7% Listings with price cut
12.6%
Sold below listing
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Santa Maria Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,662 Santa Maria
    $2,276 Santa Barbara Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,625 Rent list price
  • $1.13 Rent list price / sq ft
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