Solvang has a younger population than other areas in California with a median age of 45 years. It is also somewhat affluent with a median income of $53,357 per household. The Solvang market is almost exclusively made up of detached homes, currently accounting for 100% overall. The best school in the city is Ballard Elementary School.
Some of the more expensive homes in California are in Solvang with a median home value of $507,000 and an average list price for available homes currently at $756,845.
The typical dwelling in Solvang is a four-bedroom detached home worth about $695,738. To purchase a similar home, a buyer with good credit and a $139,148 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,930 monthly payment. The property tax rate is $5.62 per $1,000 of taxable assessed value.
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