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Santa Monica, CA—90405

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,785,000
0.1% YoY Growth
Household Income
$114,000
21.2% YoY Growth
Days on Market
66
4.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$3,650
12.7% YoY Growth
1-Bed Rent
$3,060
2.7% YoY Growth
2-Bed Rent
$4,500
8.5% YoY Growth
3-Bed Rent
$7,450
7.8% YoY Growth

Other Zip Codes in Santa Monica, CA

90401904049040390402
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Santa Monica, CA

As of Dec '25, the median home price in Santa Monica, CA is $1,785,000, with a year-over-year change of 0.1%. This indicates that home prices in Santa Monica, CA are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,785,0000.1%
Single Family $2,184,0001.9%
Condos $960,000-3.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $670,000
    -4.8%
    2 Bed
    		$1,410,000-1.9%
    3 Bed
    		$2,192,0002.2%
    4 Bed
    		$2,781,0002.2%
    5 Bed $3,324,1710.9%
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    % of Housing Stock

    Studio
    7.7%
    1 Bedroom
    36.9%
    2 Bedrooms
    32.0%
    3 Bedrooms
    16.5%
    4 Bedrooms
    5.6%
    5+ Bedrooms
    1.3%

    Rental Trends — Santa Monica, CA

    As of July '25, Rentcast reports the average rent in Santa Monica, CA is $4,140, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Santa Monica, CA is studios: $2,810, 1-bedrooms: $3,280, 2-bedrooms: $4,850, 3-bedrooms: $6,770, 4-bedrooms: $7,400. The most common rental property sizes in Santa Monica, CA are 1-bedroom and 2-bedroom, accounting for 47.9% and 33.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,650$4,140
    Studio Rent $2,000$2,810
    1 Bed Rent $3,060$3,280
    2 Bed Rent $4,500$4,850
    3 Bed Rent $7,450$6,770
    4 Bed Rent $7,400$7,400
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    % of Rental Stock

    Studio
    10.5%
    1 Bedroom
    47.9%
    2 Bedrooms
    33.2%
    3 Bedrooms
    7.7%
    4 Bedrooms
    0.7%

    Property Listings — Santa Monica, CA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Santa Monica, CA is 47. 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,750,000-2.0%
    Listing Count
    		4525.0%
    Listings as % of Homes0.2%25.0%
    Days on Market
    		66-4.0%
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    Demographics — Santa Monica, CA

    As of the latest ACS Survey released in 2023, Santa Monica, CA has a population of 26,800, which has decreased by -4.6% over the past 5 years. Santa Monica, CA is a moderately popular place for families, as children make up 15.3% of the population. The area has a highly educated workforce, with 69.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,800-4.6%
    % Under 18
    		15.3%-2.5%
    % Seniors
    		19.0%27.5%
    % WFH
    		31.5%205.8%
    % w/ College Degree
    		69.8%3.1%
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    As of the latest ACS Survey released in 2023, Santa Monica, CA is a predominantly white area, with 66.2% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Santa Monica, CA is hispanic, making up 14.8% of the population. Foreign-born residents account for 22.0% of the population in Santa Monica, CA, and this percentage has increased by 11.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		66.2%2.0%
    % Black
    		4.2%0.0%
    % Hispanic
    		14.8%-7.5%
    % Asian
    		7.9%-2.5%
    % Foreign Born
    		22.0%11.7%
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    Mortgage and Risk — Santa Monica, CA

    According to HUD data as of 2023, there were 174 mortgage originations in Santa Monica, CA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Santa Monica, CA. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		174
    % Conventional Loans
    		99.0%
    % Government Loans
    		1.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Santa Monica, CA

    As of 2024, the percent of homes in Santa Monica, CA under the Section 8 program is 4.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Santa Monica, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		496
    Total Units Section 8
    		439
    % Rentals under Section 8
    		4.7%
    % Occupied Section 8
    		88.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$680$3,060$2,380
    2 Bedroom-$1,500$4,500$3,000
    3 Bedroom-$3,640$7,450$3,810
    4 Bedroom-$3,170$7,400$4,230

    Affordability — Santa Monica, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio15.8
    Median Home Price$1,785,000
    Median Household Income$114,000

    Santa Monica, CA — ZIP Code Boundary Map

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    Frequently Asked Questions