June's First-Time Homebuyer Report for Santa Barbara

Santa Barbara is a larger than average city in California with a population of 88,410 residents, and it has a higher than average density compared to the rest of the state, with 4,541.3 people per square mile. 93101, 93103, and 93108 are the three largest zip codes in terms of population. Keep in mind, most people in Santa Barbara are renters, with 57.3% of the population renting their home. Heading the list of top schools in the city is Hope Elementary School.

Price Range

Santa Barbara has some of the more expensive homes in the state with a median home value of $688,800 and a current average list price of $1,731,769. The homes with the lowest value are in 93108, 93109, and 93101.

Typical Dwelling

The typical dwelling in Santa Barbara is a three-bedroom detached home worth about $1,548,763. To purchase a similar home, a buyer with good credit and a $309,753 cash down payment could obtain a mortgage with a 3.95% interest rate and a $10,248 monthly payment. The property tax rate is $5.62 per $1,000 of taxable assessed value.

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


Data reported through 6/15/2017

Comments:

Ask a local expert about this area:
Coldwell Banker
Snapped 4 homes in this area
Beverly-Hanks & Assoc.
Snapped 2 homes in this area
Keller Williams Realty
Snapped 294 homes in this area

Agents that specialize in this area
2 snaps in this area
67 snaps in this area
4 snaps in this area
2 snaps in this area
132 snaps in this area
1 snap in this area
1 snap in this area
1 snap in this area
3 snaps in this area
1 snap in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by Black Knight Financial Services. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.