Lompoc Real Estate

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Lompoc Real Estate & Homes for Sale in California

Lompoc, (pronounced LOM-POKE), is located on scenic Pacific Coast Highway, 55 miles north of Santa Barbara; downtown Lompoc is just 8 miles from the Pacific Ocean. The Lompoc Valley is part of the Central California region. Rolling hills surround the Valley on the north, south and east. The Valley is open at its western end to the Pacific Ocean on the undeveloped Gaviota Coast. The Santa Ynez River runs east to west through the Valley while Burton Mesa, a chaparral forest with sandy soil, lies to the north. This location not only features some of the best scenery you will ever enjoy, but makes it ideal for wine growing, with the Lompoc Valley acting as the principal premium wine producing region of Santa Barbara County. The local appellation, called “Santa Rita Hills” includes thirteen wineries and more than 11 different wine labels featuring Pinot Noir and Chardonnay.

The Lompoc Valley is also often referred to as the “Valley of Flowers” and the city is home to an annual flower festival that brings people from miles around. Lompoc is notable for its location adjacent to Vandenberg Air Force Base, the nation's premier polar launch site. The Air Force Base is home to five launch complexes and one commercial spaceport and has been the keystone of the continued strength of the post-War economy in Lompoc. Lompoc has just over 40,000 residents who love to call it home, for the great scenery, temperate year-end temperatures, great schools, and affordable real estate.

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Price Range of Lompoc Houses

Lompoc has a variety of real estate options available, including single-family detached homes, condominiums and townhouses; many properties feature wonderful valley, hill or water views. Home prices in Lompoc tend to be more affordable than most of the rest of Santa Barbara County, while still offering all the same great scenery, location and sunshine. Single-family detached homes start in the $150,000s and cover the spectrum up to the $750,000s but can go beyond for brilliant newer homes or estate properties on large acreages. Houses with great views, swimming pools and spacious yards are available in a variety of prices and styles. There are also condominiums, co-ops and townhouses available, starting under $100,000s to as high as $400,000. For those who have their dream home in mind and just need a spot to build it, there is land available throughout the valley for custom building.

Lompoc Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $586,424 compared to $584,773 the previous week, for a slight increase of less than +1%.  For Friday, April 17th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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