Home Values

93108 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

$2,729,700

  • 2.7% 1-year change
  • 2.2% 1-year forecast

The median home value in 93108 is $2,729,700. 93108 home values have gone up 2.7% over the past year and Zillow predicts they will rise 2.2% within the next year.

Foreclosures will be a factor impacting home values in the next several years. In 93108 1.4 homes are foreclosed (per 10,000). This is lower than the Montecito value of 1.8 and also lower than the national value of 3.8

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 93108 homeowners underwater on their mortgage is 1.3%, which is lower than Montecito at 2.0%.

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Relative ZHVI
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93108 Market Overview

Data through Jun 30, 2015
  • $2,729,700 ZHVI
  • 2.2% 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
    (Jun 30, 2016)
  • No data Median listing price
  • $3,077,700 Median sale price
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93108 Market Health

Data through Jun 30, 2015
  • 8.0/10 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.
  • No data Average days on Zillow
  • 1.3% Homes with negative equity (15.4% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.0% US Avg)

Homes foreclosed (per 10,000)

1(May 31, 2015) 93108
2(Jan 31, 2015) Montecito
4 United States
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Nearby Zip Codes

Name Median ZHVI
93109 $1,050,900
93103 $967,500
93110 $966,300
Name Median ZHVI
93105 $950,200
93111 $801,900
93101 $783,600
Name Median ZHVI
93013 $721,300
 
 

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $912 Median sale price / sq ft
  • No data Listings with price cut
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93108 Rentals

Data through Jun 30, 2015
  • 4.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • No data Rent list price
  • $3.50 Rent list price / sq ft
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