Home Values

Santa Barbara County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$527,400

  • 10.8% 1-year change
  • 5.3% 1-year forecast

The median home value in Santa Barbara County is $527,400. Santa Barbara County home values have gone up 10.8% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in Santa Barbara County is $416, which is the same as the Santa Barbara Metro average of $416. The median price of homes currently listed in Santa Barbara County is $674,900 while the median price of homes that sold is $485,475. The median rent price in Santa Barbara County is $1,800, which is the same as the Santa Barbara Metro median of $1,800.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara County 1.8 homes are foreclosed (per 10,000). This is the same as the Santa Barbara Metro value of 1.8 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Santa Barbara County is 4.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Santa Barbara County homeowners underwater on their mortgage is 16.4%, which is the same as Santa Barbara Metro at 16.4%.

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Relative ZHVI
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Santa Barbara County Market Overview

Data through Sep 30, 2014
  • $527,400 ZHVI
  • 5.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $674,900 Median listing price
  • $485,475 Median sale price
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Santa Barbara County Market Health

Data through Sep 30, 2014
  • 8.6/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 75 Average days on Zillow (Aug 31, 2014)
  • 16.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes Santa Barbara County
1.8 homes Santa Barbara Metro
4 homes United States
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Cities in Santa Barbara County

Name Median ZHVI
Mission Canyon $1,303,200
Santa Barbara $981,300
Goleta $749,600
Name Median ZHVI
Santa Ynez $738,400
Solvang $657,900
Buellton $488,000
Name Median ZHVI
Los Alamos $477,900
Santa Maria $304,600
Lompoc $253,800

Listings & Sales

Data through Sep 30, 2014
  • $416 Median list price / sq ft
  • $259 Median sale price / sq ft
  • 35.2% Listings with price cut
14.9%
Sold below listing
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Santa Barbara County Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,076 Santa Barbara County
    $2,076 Santa Barbara Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • No data Rent list price / sq ft
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