Lompoc, California Housing Market Prices
Lompoc Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 15% below the California median$552,673
-
Median rent 24% below the California median$1,544
Housing Market Overview
| Metric | Lompoc | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,673 | $650,794 | $248,835 |
| Price Trend (Annual %) | 39.8% | 8.9% | 7.5% |
| Median Gross Rent | $1,544 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lompoc is about 15% lower than in California. Rent is about 24% lower than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lompoc, up about 39.8% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Lompoc rose about 59.3% between 2015 and 2024, from $969 to $1,544. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Lompoc.
Buying the median-priced home in Lompoc costs roughly 29.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lompoc. The price-to-rent ratio in California is about 26.6.
| Metric | Lompoc | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,673 | $650,794 | $248,835 |
| Median Household Income | $65,129 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lompoc rose about 767.9%, while median household income rose about 40.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lompoc | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.9% | 51.7% | 58.5% |
| Rental Rate | 52.2% | 40.8% | 31.2% |
| Vacancy Rate | 4.0% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Lompoc has a homeownership rate of 43.9%, lower than the California average of 51.7%. Its housing vacancy rate is 4.0%, compared with 7.5% in California.
Housing Stock
| Metric | Lompoc | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.86 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1974 | 1975 | 1978 |
| Median Number of Rooms | 4.7 | 5.0 | 5.5 |
The typical housing unit in Lompoc was built around 1974. On average, 2.9 people live in a home with about 4.7 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lompoc, California.
What is the median home price in Lompoc, California?
The median home price in Lompoc, California is $552,673, lower than the California average of $650,794.
What is the average home price in Lompoc, California?
The typical home price in Lompoc, California, reported as the median sale price, is $552,673. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lompoc, California?
The median gross rent in Lompoc, California is $1,544 per month, lower than the California average of $2,036.
What was the median gross rent in Lompoc in 2020?
In 2020, the median gross rent in Lompoc, California was $1,189 per month.
What is the price-to-rent ratio in Lompoc, California?
The price-to-rent ratio in Lompoc, California is about 29.8, meaning it would take roughly 29.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lompoc.
Are home prices or rent rising faster in Lompoc, California?
Both home prices and rent are rising in Lompoc, up about 39.8% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lompoc, California?
43.9% of households in Lompoc, California own their home, lower than the California average of 51.7%.
What is the vacancy rate in Lompoc, California?
The housing vacancy rate in Lompoc, California is 4.0%, lower than the California average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →