The housing market in 93103 Santa Barbara, CA is relatively expensive compared to the US average. The median value for a house in this area is $1,401,000 which is more than four times higher than the US median of $338,100. In the last year, houses have appreciated in value by 10.50% here which is slightly higher than the national rate of 8.27%. This appreciation indicates that the market for real estate in this area remains strong and desirable.
The median home cost in Santa Barbara (zip 93103) is $1,401,000. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Santa Barbara (zip 93103) is up 0.5%.
Average Age of Homes
- The median age of Santa Barbara (zip 93103) real estate is 55 years old
The Rental Market in Santa Barbara (zip 93103)
- Renters make up 51.2% of the Santa Barbara (zip 93103) population
- 0.5% of houses and apartments in Santa Barbara (zip 93103), 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.