Santa Barbara County Home Prices & Values

$516,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.3% 1-year change
  • 4.0% 1-year forecast

The median home value in Santa Barbara County is $516,300. Santa Barbara County home values have gone up 10.3% over the past year and Zillow predicts they will rise 4.0% within the next year. The median list price per square foot in Santa Barbara County is $426, which is the same as the Santa Barbara Metro average of $426. The median price of homes currently listed in Santa Barbara County is $699,000 while the median price of homes that sold is $449,000. The median rent price in Santa Barbara County is $1,770, which is the same as the Santa Barbara Metro median of $1,770.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara County 2.2 homes are foreclosed (per 10,000). This is the same as the Santa Barbara Metro value of 2.2 and also lower than the national value of 4.3

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 Aug 31, 2014
  • $516,300 ZHVI
  • 4.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $699,000 Median listing price
  • $449,000 Median sale price
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Santa Barbara County Market Health

Data through Aug 31, 2014
  • 6.4/10 Healthy What's This?  
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    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.

  • No recent data Average days on Zillow
  • 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)

2.2 homes Santa Barbara County
2.2 homes Santa Barbara Metro
4.3 homes United States
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Cities in Santa Barbara County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Mission Canyon $1,205,300 Santa Barbara $932,700 Goleta $738,400
Santa Ynez $690,500 Solvang $645,100 Buellton $466,000
Los Alamos $456,300 Santa Maria $295,300 Lompoc $249,100

Listings & Sales

Data through Aug 31, 2014
  • $426 Median list price / sq ft
  • $262 Median sale price / sq ft
  • 33.2% Listings with price cut
16.4%
Sold below listing
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Santa Barbara County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,025 Santa Barbara County
$2,025 Santa Barbara Metro
$1,328 United States
  • 2.1 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,770 Rent list price
  • No data Rent list price / sq ft
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