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Santa Barbara, CA—93110

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,938,000
3.3% YoY Growth
Household Income
$119,000
45.9% YoY Growth
Days on Market
49
63.0% Longer YoY
Home Price Forecast
2.3%
Median Rent
$3,980
12.6% YoY Growth
1-Bed Rent
$2,820
9.5% YoY Growth
2-Bed Rent
$3,480
2.5% YoY Growth
3-Bed Rent
$5,500
11.3% YoY Growth

Other Zip Codes in Santa Barbara, CA

9310593101931099311193103
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Santa Barbara, CA

As of May '26, the median home price in Santa Barbara, CA is $1,938,000, with a year-over-year change of 3.3%. This indicates that home prices in Santa Barbara, CA are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,938,0003.3%
Single Family $2,212,0004.2%
Condos $927,000-1.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$1,054,000-0.8%
    3 Bed
    		$1,859,0003.7%
    4 Bed
    		$2,549,0004.5%
    5 Bed $4,783,1376.3%
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    % of Housing Stock

    Studio
    4.8%
    1 Bedroom
    15.3%
    2 Bedrooms
    28.1%
    3 Bedrooms
    32.3%
    4 Bedrooms
    13.6%
    5+ Bedrooms
    5.9%

    Rental Trends — Santa Barbara, CA

    As of July '25, Rentcast reports the average rent in Santa Barbara, CA is $4,430, with a year-over-year rent change of -12.6%. Per bedroom, the median rent as of July '25 in Santa Barbara, CA is studios: $2,420, 1-bedrooms: $2,870, 2-bedrooms: $4,240, 3-bedrooms: $5,790, 4-bedrooms: $9,500. The most common rental property sizes in Santa Barbara, CA are 2-bedroom and 1-bedroom, accounting for 32.0% and 30.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,980$4,430
    Studio Rent $2,420$2,420
    1 Bed Rent $2,820$2,870
    2 Bed Rent $3,480$4,240
    3 Bed Rent $5,500$5,790
    4 Bed Rent $9,500$9,500
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    % of Rental Stock

    Studio
    11.2%
    1 Bedroom
    30.4%
    2 Bedrooms
    32.0%
    3 Bedrooms
    22.1%
    4 Bedrooms
    3.8%
    5+ Bedrooms
    0.6%

    Property Listings — Santa Barbara, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Santa Barbara, CA is 49. This is a increase of 63.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$4,650,000-14.0%
    Listing Count
    		404.0%
    Listings as % of Homes0.2%4.0%
    Days on Market
    		4963.0%
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    Demographics — Santa Barbara, CA

    As of the latest ACS Survey released in 2023, Santa Barbara, CA has a population of 16,400, which has decreased by -1.7% over the past 5 years. Santa Barbara, CA is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 48.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,400-1.7%
    % Under 18
    		17.8%-3.8%
    % Seniors
    		23.3%4.0%
    % WFH
    		19.9%67.2%
    % w/ College Degree
    		48.3%5.2%
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    As of the latest ACS Survey released in 2023, Santa Barbara, CA is a predominantly white area, with 58.5% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Santa Barbara, CA is hispanic, making up 31.6% of the population. Foreign-born residents account for 17.1% of the population in Santa Barbara, CA, and this percentage has increased by 17.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		58.5%-7.3%
    % Black
    		1.6%-20.0%
    % Hispanic
    		31.6%17.5%
    % Asian
    		4.9%-3.9%
    % Foreign Born
    		17.1%17.1%
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    Mortgage and Risk — Santa Barbara, CA

    According to HUD data as of 2023, there were 125 mortgage originations in Santa Barbara, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 36.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Santa Barbara, CA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		125
    % Conventional Loans
    		98.0%
    % Government Loans
    		2.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		6.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Santa Barbara, CA

    As of 2024, the percent of homes in Santa Barbara, CA under the Section 8 program is 11.9%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Santa Barbara, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		392
    Total Units Section 8
    		298
    % Rentals under Section 8
    		11.9%
    % Occupied Section 8
    		88.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$230$2,820$3,050
    2 Bedroom-$40$3,480$3,440
    3 Bedroom-$940$5,500$4,560
    4 Bedroom-$4,420$9,500$5,080

    Affordability — Santa Barbara, CA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio14.7
    Median Home Price$1,938,000
    Median Household Income$119,000

    Santa Barbara, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Santa Barbara, CA

    93111

    Santa Barbara, CA

    93109

    Santa Barbara, CA

    93101

    Santa Barbara, CA

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    93106

    Frequently Asked Questions