October's First-Time Homebuyer Report for Santa Monica

Santa Monica is a smallish city in California with a median income of $67,820 per household. Besides being affluent, its population is older than others with a median age of 40 years. The Santa Monica market is mostly made up of condos and townhouses, currently accounting for 41% overall. The best school in the city is Franklin Elementary School.

Price Range

Homes in Santa Monica are generally more expensive than others in the state with a median home value of $824,800 and an average list price of $1,946,082.

Curious as to which homes have been getting the most attention in Santa Monica? These listings have stirred up interest and produced the most views:

$2M   $869K   $675K  

Typical Dwelling

The typical dwelling in Santa Monica is a two-bedroom condo worth about $1,330,149. To purchase a similar home, a buyer with good credit and a $266,030 cash down payment could obtain a mortgage with a 3.95% interest rate and a $5,424 monthly payment. The property tax rate is $7.73 per $1,000 of taxable assessed value.

Get started right now by checking out Santa Monica homes for sale or reviewing Santa Monica real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Keller Williams Realty Los Feliz
3 reviews
Sotheby's International Realty
Snapped 71 homes in this area
Corina B. Gonzales
Snapped 5 homes in this area

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