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Santa Monica, CA—90401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,337,000
4.4% YoY Growth
Household Income
$107,000
46.4% YoY Growth
Days on Market
64
20.0% Longer YoY
Home Price Forecast
-0.1%
Median Rent
$3,500
17.9% YoY Growth
1-Bed Rent
$3,200
11.9% YoY Growth
2-Bed Rent
$3,900
9.3% YoY Growth
3-Bed Rent
$4,250
4.2% YoY Growth

Other Zip Codes in Santa Monica, CA

90405904049040390402
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Santa Monica, CA

As of May '26, the median home price in Santa Monica, CA is $1,337,000, with a year-over-year change of -4.4%. This indicates that home prices in Santa Monica, CA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,337,000-4.4%
Single Family $2,888,000-7.7%
Condos $1,063,000-5.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $817,000
    -4.4%
    2 Bed
    		$1,201,000-5.0%
    3 Bed
    		$1,974,000-0.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    14.9%
    1 Bedroom
    55.0%
    2 Bedrooms
    24.9%
    3 Bedrooms
    5.2%

    Rental Trends — Santa Monica, CA

    As of July '25, Rentcast reports the average rent in Santa Monica, CA is $3,680, with a year-over-year rent change of -17.9%. Per bedroom, the median rent as of July '25 in Santa Monica, CA is studios: $2,540, 1-bedrooms: $3,340, 2-bedrooms: $4,460, 3-bedrooms: $6,920. The most common rental property sizes in Santa Monica, CA are 1-bedroom and 2-bedroom, accounting for 58.2% and 23.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,500$3,680
    Studio Rent $2,480$2,540
    1 Bed Rent $3,200$3,340
    2 Bed Rent $3,900$4,460
    3 Bed Rent $4,250$6,920
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    13.6%
    1 Bedroom
    58.2%
    2 Bedrooms
    23.1%
    3 Bedrooms
    5.1%

    Property Listings — Santa Monica, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Santa Monica, CA is 64. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,200,000-6.0%
    Listing Count
    		216.0%
    Listings as % of Homes0.3%6.0%
    Days on Market
    		6420.0%
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    Demographics — Santa Monica, CA

    As of the latest ACS Survey released in 2023, Santa Monica, CA has a population of 7,920, which has increased by 9.2% over the past 5 years. Santa Monica, CA is a less popular place for families, as children make up 5.4% of the population. The area has a highly educated workforce, with 75.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,9209.2%
    % Under 18
    		5.4%3.8%
    % Seniors
    		12.9%-26.3%
    % WFH
    		32.9%151.1%
    % w/ College Degree
    		75.5%15.1%
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    As of the latest ACS Survey released in 2023, Santa Monica, CA is a predominantly white area, with 70.7% of the population identifying as white. The white population has grown by 4.9% in the last 5 years. The second most common race or ethnicity in Santa Monica, CA is hispanic, making up 10.2% of the population. Foreign-born residents account for 28.3% of the population in Santa Monica, CA, and this percentage has increased by 14.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		70.7%4.9%
    % Black
    		4.4%-51.1%
    % Hispanic
    		10.2%-14.3%
    % Asian
    		6.4%-17.9%
    % Foreign Born
    		28.3%14.6%
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    Mortgage and Risk — Santa Monica, CA

    According to HUD data as of 2023, there were 9 mortgage originations in Santa Monica, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Santa Monica, CA. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		9
    % Conventional Loans
    		100.0%
    % Government Loans
    		0.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		56.0%
    % Cash Out Refinance
    		0.0%
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    Rentals and Section 8 — Santa Monica, CA

    Santa Monica, CA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		459
    Total Units Section 8
    		438
    % Rentals under Section 8
    		9.0%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$100$3,200$3,100
    2 Bedroom$10$3,900$3,910
    3 Bedroom$720$4,250$4,970
    4 BedroomN/AN/A$5,510

    Affordability — Santa Monica, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio14.5
    Median Home Price$1,337,000
    Median Household Income$107,000

    Santa Monica, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions