The housing market in Santa Barbara, California (93105) is booming. According to the median housing value, it is currently at $1,584,200–well above the US median of $338,100. This difference in values is further supported by the fact that Santa Barbara's one year house appreciation rate is 10.50%, significantly higher than the US average of 8.27%. With such a strong housing market and improving values, it appears that Santa Barbara will remain a desirable area for people looking to invest in real estate for years to come.
The median home cost in Santa Barbara (zip 93105) is $1,584,200. Home appreciation the last 10 years has been 61.3%. Home Appreciation in Santa Barbara (zip 93105) is up 0.5%.
Average Age of Homes
- The median age of Santa Barbara (zip 93105) real estate is 54 years old
The Rental Market in Santa Barbara (zip 93105)
- Renters make up 40.2% of the Santa Barbara (zip 93105) population
- 0.9% of houses and apartments in Santa Barbara (zip 93105), 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.