Soledad, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Soledad, CA Housing Market Trends

With a population of 25,999, 3,674 total housing units (homes and apartments), and a median house value of $472,738, real estate costs in Soledad are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Soledad, accounting for 75.90% of the city's housing units. Other types of housing that are prevalent in Soledad include large apartment complexes or high rise apartments ( 10.51%), mobile homes or trailers ( 5.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.11%).

The most prevalent building size and type in Soledad are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.85% owning and 59.15% renting.

There is a lot of housing in Soledad built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Soledad built between 2000 and later ( 32.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.08%). There's also some housing in Soledad built before 1939 ( 3.35%).

Soledad Home Appreciation Rates

In the last 10 years, Soledad has experienced some of the highest home appreciation rates of any community in the nation. Soledad real estate appreciated 191.99% over the last ten years, which is an average annual home appreciation rate of 11.31%, putting Soledad in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Soledad definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Soledad that despite a nationwide downturn in the housing market, Soledad real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Soledad appreciation rates continue to be some of the highest in America, at 10.24%, which is higher than appreciation rates in 91.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Soledad. Soledad appreciation rates in the latest quarter were at 2.68%, which equates to an annual appreciation rate of 11.14%.

Importantly, this makes Soledad one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Soledad's latest annual appreciation rate is higher than 90% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$472,738

Soledad, CA HOME PRICES

> $1,285,000
2.7%
2.7%
$964,001 - $1,285,000
1.0%
1.0%
$643,001 - $964,000
4.5%
4.5%
$514,001 - $643,000
31.5%
31.5%
$385,001 - $514,000
31.3%
31.3%
$257,001 - $385,000
14.7%
14.7%
$129,001 - $257,000
3.1%
3.1%
$64,001 - $129,000
4.4%
4.4%
$0 - $64,000
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CA

Value Relative To Nation

Number Of Homes And Apartments:
3,674

Soledad Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
109.04% 3.53%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,775 / per month

Homeownership Rate

Owners
40.8%
40.8%
Renters
59.2%
59.2%
Vacant
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.3%
32.3%
1970 - 1999
37.3%
37.3%
1940 - 1969
27.1%
27.1%
1939 or Older
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.9%
75.9%
Townhomes
3.8%
3.8%
Small Apt. Buildings
4.1%
4.1%
Apt. Complexes
10.5%
10.5%
Mobile Homes
5.7%
5.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
4.4%
4.4%
2 Bedrooms
14.9%
14.9%
3 Bedrooms
42.6%
42.6%
4 Bedrooms
31.5%
31.5%
5 or more bedrooms
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Popular Communities Near Soledad, CA

Zip Codes in Soledad, CA