Zip 90403 (Santa Monica, CA) Housing

The housing market in 90403 Santa Monica, CA is booming. The median value of homes in the area is $1,491,900, which is a significantly higher figure than the national median housing value of $338,100. Over the past year, the US housing market has appreciated 8.27%, while homes in 90403 have risen even more sharply at 8.62%. This suggests that real estate prices are higher than average and continue to rise quickly in this highly desirable Southern California neighborhood.

The median home cost in Santa Monica (zip 90403) is $1,491,900. Home appreciation the last 10 years has been 129.2%. Home Appreciation in Santa Monica (zip 90403) is up 14.9%.

Average Age of Homes

- The median age of Santa Monica (zip 90403) real estate is 50 years old

The Rental Market in Santa Monica (zip 90403)

- Renters make up 72.1% of the Santa Monica (zip 90403) population
- 4.0% of houses and apartments in Santa Monica (zip 90403), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Santa Monica, California	United States
	14,912.0	139,647,020.0
	56	42
	$1,491,900	$338,100
	14.9%	16.6%
	51.3%	57.0%
	129.2%	101.1%
	$5.79	$10.98
	$8,813	$2,690
	22.5%	57.4%
	11.7%	11.2%
	65.8%	31.4%
Vacant Housing
	4.0%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	2.7%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.8%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.2%	13.0%
	1.1%	20.1%
	0.2%	13.6%
	0.0%	8.3%
	8.7%	9.7%
	13.5%	3.9%
	22.0%	2.2%
	19.3%	0.8%
	32.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.4%	13.6%
	1.4%	13.6%
	5.4%	13.6%
	8.4%	13.2%
	24.2%	14.8%
	5.4%	13.6%
	19.1%	10.0%
	7.0%	4.7%
	12.9%	12.2%