Santa Barbara, CA is known for its high cost of living and high median house values. The median house value in Santa Barbara is a staggering $1,525,500, which is more than four times the US House Median Value of $338,100. This year has seen an 8.27% increase in the US House Median Value across the country. However, the appreciation rate in Santa Barbara has been higher at 10.50%. This shows that housing prices have risen significantly faster in Santa Barbara than the national average this past year.
The median home cost in Santa Barbara is $1,525,500. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Santa Barbara is up 0.5%.
Average Age of Homes
- The median age of Santa Barbara real estate is 54 years old
The Rental Market in Santa Barbara
- Renters make up 54.8% of the Santa Barbara population
- 0.9% of houses and apartments in Santa Barbara, 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.