Goleta, CA—93117
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Goleta, CA
As of Oct '25, the median home price in Goleta, CA is $1,360,000, with a year-over-year change of -4.0%. This indicates that home prices in Goleta, CA are decreasing. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,360,000 | -4.0% |
| Single Family | $1,492,000 | -3.7% |
| Condos | $807,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $595,000 | -7.6% |
2 Bed | $799,000 | -7.4% |
3 Bed | $1,352,000 | -4.3% |
4 Bed | $1,568,000 | -3.1% |
| 5 Bed | $1,784,000 | -3.5% |
% of Housing Stock
Rental Trends — Goleta, CA
As of July '25, Rentcast reports the average rent in Goleta, CA is $4,280, with a year-over-year rent change of 2.6%. Per bedroom, the median rent as of July '25 in Goleta, CA is studios: $810, 1-bedrooms: $2,660, 2-bedrooms: $4,030, 3-bedrooms: $5,560, 4-bedrooms: $6,360. The most common rental property sizes in Goleta, CA are 2-bedroom and 1-bedroom, accounting for 31.7% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $4,280 |
| Studio Rent | $810 | $810 |
| 1 Bed Rent | $2,600 | $2,660 |
| 2 Bed Rent | $3,600 | $4,030 |
| 3 Bed Rent | $5,200 | $5,560 |
| 4 Bed Rent | $5,800 | $6,360 |
% of Rental Stock
Property Listings — Goleta, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Goleta, CA is 38. This is a increase of 7.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,330,000 | -13.0% |
Listing Count | 60 | -6.0% |
| Listings as % of Homes | 0.1% | -6.0% |
Days on Market | 38 | 7.0% |
Demographics — Goleta, CA
As of the latest ACS Survey released in 2023, Goleta, CA has a population of 52,200, which has decreased by -10.6% over the past 5 years. Goleta, CA is a less popular place for families, as children make up 14.2% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,200 | -10.6% |
% Under 18 | 14.2% | 10.9% |
% Seniors | 9.7% | 16.9% |
% WFH | 16.1% | 222.0% |
% w/ College Degree | 49.2% | 0.6% |
As of the latest ACS Survey released in 2023, Goleta, CA is a predominantly white area, with 47.4% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Goleta, CA is hispanic, making up 31.2% of the population. Foreign-born residents account for 19.2% of the population in Goleta, CA, and this percentage has decreased by 6.8% 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 | 47.4% | -4.2% |
% Black | 2.8% | 0.0% |
% Hispanic | 31.2% | 4.3% |
% Asian | 14.2% | 0.7% |
% Foreign Born | 19.2% | -6.8% |
Mortgage and Risk — Goleta, CA
According to HUD data as of 2023, there were 151 mortgage originations in Goleta, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 41.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Goleta, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 151 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Goleta, CA
As of 2024, the percent of homes in Goleta, CA under the Section 8 program is 5.6%. 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 Goleta, 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 | 599 |
Total Units Section 8 | 587 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $2,600 | $2,940 |
| 2 Bedroom | -$290 | $3,600 | $3,310 |
| 3 Bedroom | -$820 | $5,200 | $4,380 |
| 4 Bedroom | -$920 | $5,800 | $4,880 |
Affordability — Goleta, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 15 |
| Median Home Price | $1,360,000 |
| Median Household Income | $85,700 |