The housing market in 93110 Santa Barbara, CA is performing quite well. The median house value in the area is currently $1,497,800, which is more than four times the United States median house value of $338,100. Furthermore, the one year house appreciation rate in 93110 Santa Barbara is 10.50%, which is about 2.23% higher than the nationwide average of 8.27%. This indicates that housing prices in this region are rising at a faster rate than those across the USA as a whole and may indicate potential investment opportunities for buyers looking to enter this market.
The median home cost in Santa Barbara (zip 93110) is $1,497,800. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Santa Barbara (zip 93110) is up 0.5%.
Average Age of Homes
- The median age of Santa Barbara (zip 93110) real estate is 43 years old
The Rental Market in Santa Barbara (zip 93110)
- Renters make up 34.5% of the Santa Barbara (zip 93110) population
- 0.6% of houses and apartments in Santa Barbara (zip 93110), 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.