The housing market in Montecito, CA is a bustling one with a median housing value of $4,076,000. This is far higher than the US median housing value of $338,100 and demonstrates the strength of the area's real estate market. The US has seen an overall 1 year house appreciation of 8.27%, however, Montecito has seen a 1 year appreciation rate of 10.50%. This shows that housing prices have increased substantially within the past year and will likely continue to do so in the near future.
The median home cost in Montecito is $4,076,000. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Montecito is up 0.5%.
Average Age of Homes
- The median age of Montecito real estate is 51 years old
The Rental Market in Montecito
- Renters make up 20.5% of the Montecito population
- 0.1% of houses and apartments in Montecito, 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.