Santa Monica, CA—90402
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Santa Monica, CA
As of Oct '25, the median home price in Santa Monica, CA is $4,406,000, with a year-over-year change of 2.3%. This indicates that home prices in Santa Monica, CA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $4,406,000 | 2.3% |
| Single Family | $5,058,000 | 3.6% |
| Condos | $1,560,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $917,000 | -2.2% |
2 Bed | $2,137,000 | -3.7% |
3 Bed | $3,842,000 | 3.0% |
4 Bed | $5,240,000 | 3.7% |
| 5 Bed | $6,617,000 | 4.9% |
% of Housing Stock
Rental Trends — Santa Monica, CA
As of July '25, Rentcast reports the average rent in Santa Monica, CA is $5,300, with a year-over-year rent change of -18.1%. Per bedroom, the median rent as of July '25 in Santa Monica, CA is studios: $3,280, 1-bedrooms: $4,020, 2-bedrooms: $5,950, 3-bedrooms: $8,170. The most common rental property sizes in Santa Monica, CA are 1-bedroom and 3-bedroom, accounting for 39.1% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,800 | $5,300 |
| Studio Rent | $3,000 | $3,280 |
| 1 Bed Rent | $3,700 | $4,020 |
| 2 Bed Rent | $5,500 | $5,950 |
| 3 Bed Rent | $8,200 | $8,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Santa Monica, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Santa Monica, CA is 66. This is a increase of 15.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $5,060,000 | 59.0% |
Listing Count | 77 | 11.0% |
| Listings as % of Homes | 0.8% | 11.0% |
Days on Market | 66 | 15.0% |
Demographics — Santa Monica, CA
As of the latest ACS Survey released in 2023, Santa Monica, CA has a population of 11,200, which has decreased by -5.8% over the past 5 years. Santa Monica, CA is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 79.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -5.8% |
% Under 18 | 21.6% | -4.0% |
% Seniors | 28.5% | 15.4% |
% WFH | 32.0% | 71.1% |
% w/ College Degree | 79.5% | 8.2% |
As of the latest ACS Survey released in 2023, Santa Monica, CA is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Santa Monica, CA is asian, making up 11.2% of the population. Foreign-born residents account for 15.2% of the population in Santa Monica, CA, and this percentage has decreased by 10.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.4% | -6.9% |
% Black | 0.6% | -25.0% |
% Hispanic | 9.7% | 16.9% |
% Asian | 11.2% | 43.6% |
% Foreign Born | 15.2% | -10.1% |
Mortgage and Risk — Santa Monica, CA
According to HUD data as of 2023, there were 141 mortgage originations in Santa Monica, CA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 38.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Santa Monica, CA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
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 | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,080 | $3,700 | $2,620 |
| 2 Bedroom | -$2,190 | $5,500 | $3,310 |
| 3 Bedroom | -$3,990 | $8,200 | $4,210 |
| 4 Bedroom | N/A | N/A | $4,660 |
Affordability — Santa Monica, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 24.7 |
| Median Home Price | $4,406,000 |
| Median Household Income | $183,000 |