Real Estate Investing in Summerland, California (93067)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 93067 (Summerland, CA)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.4% of homes vacant — above national norms.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- Higher unemployment: 9.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 67.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Summerland, CA (93067)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 93067 Summerland
The 93067 ZIP in Summerland, CA is a local-operator market. Outside capital chasing a $2.7M entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $2.7M asset, 93067 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 93067's metrics run below Santa Barbara County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From an investor standpoint, 993 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 93067 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Summerland:
Property Strategy for 93067
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $1,736,463 | $3,740 | 1.6% | +8.3% | $868,231 |
| 3BR | $2,726,875 | $4,950 | 1.3% | +9.9% | $908,958 |
Market Trends
Home Value History (with trend line)
📊 How Does 93067 Compare?
| Metric | 93067 | Summerland | Santa Maria-Santa Barbara, CA | California |
|---|---|---|---|---|
| Home Value | $2,717,747 | $2,717,747 | N/A | $761,003 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 5.7% |
| Avg Rent | $3,366 | $3,366 | N/A | - |
| Cap Rate | 1.0% | 1.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 93067 (Summerland, CA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 93067 (Summerland, CA)?
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Property managers serving Santa Barbara County
Manage rentals here? List your business →Plus Property Management offers services for owners and tenants with available rentals in Santa Maria, Santa Barbara, Santa Ynez Valley, Lompoc, and Arroyo Grande. summary from their website
Sierra Property Management offers residential, student housing, commercial & storage rental property management services in Santa Barbara. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $2,717,747 |
| Monthly Rent | $3,366 |
| Price-to-Rent | 67.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.5% |
| Cap Rate | 1.0% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 93067
Population: 993
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 93067
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Montecito Union
Cold Spring Elementary
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 22,068 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Summerland, CA for real estate investors?
Investors tracking Summerland, CA will find a 3.0/5 rating supported by $2.7M median home values and $3,366/mo rents. That profile suits long-term holders targeting stable returns.
How high is vacancy risk in Summerland, CA?
Vacancy in Summerland, CA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $3,366/mo.
Is CA a landlord-friendly state?
CA ranks as a tenant-protective state for landlord-tenant law. Summerland generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Summerland, CA?
Expect a solid tenant pool in Summerland, CA. The rental market absorbs $3,366/mo rents without meaningful friction.
What monthly rent should investors expect in Summerland, CA?
Rents in Summerland, CA run near $3,366/mo. Compared with median home prices of $2.7M that produces solid gross yields for typical rentals.
You know 93067 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 93067 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 93067 ranks in Santa Maria-Santa Barbara, CA
Every ZIP in this metro, ranked. Free.
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