The housing market in 93455 Orcutt, CA is currently thriving. The median value of a house in the area is $591,800, which is almost double the US median home value of $338,100. This is an indication that real estate remains a sound investment in this area. Additionally, the one-year house appreciation rate here stands at 11.64%, significantly higher than the national average of 8.27%. As such, buyers and investors can expect to fetch good returns on their investments in this area for many years to come.
The median home cost in Orcutt (zip 93455) is $591,800. Home appreciation the last 10 years has been 119.8%. Home Appreciation in Orcutt (zip 93455) is up 14.2%.
Average Age of Homes
- The median age of Orcutt (zip 93455) real estate is 36 years old
The Rental Market in Orcutt (zip 93455)
- Renters make up 23.5% of the Orcutt (zip 93455) population
- 0.9% of houses and apartments in Orcutt (zip 93455), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.