Home Values

93101 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

$799,600

  • 6.0% 1-year change
  • 4.6% 1-year forecast

The median home value in 93101 is $799,600. 93101 home values have gone up 6.0% over the past year and Zillow predicts they will rise 4.6% within the next year. The median list price per square foot in 93101 is $738, which is higher than the Santa Barbara average of $691. The median price of homes currently listed in 93101 is $795,000 while the median price of homes that sold is $785,385.

Foreclosures will be a factor impacting home values in the next several years. In 93101 7.8 homes are foreclosed (per 10,000). This is greater than the Santa Barbara value of 2.6 and also greater 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 93101 is 6.6%, which is higher than the national value of 6.4%. 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 93101 homeowners underwater on their mortgage is 5.9%, which is higher than Santa Barbara at 4.7%.

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Relative ZHVI
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93101 Market Overview

Data through Dec 31, 2014
  • $799,600 ZHVI
  • 4.6% 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
    (Dec 31, 2015)
  • $795,000 Median listing price
  • No recent data Median sale price
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93101 Market Health

Data through Dec 31, 2014
  • 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
  • 5.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.8 homes 93101
2.6 homes Santa Barbara
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
93108 $2,749,600
93109 $1,077,500
93103 $1,063,300
Name Median ZHVI
93105 $1,059,400
93110 $1,034,600
93111 $841,700

Listings & Sales

Data through Dec 31, 2014
  • $738 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.5% Listings with price cut
6.8%
Sold below listing
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93101 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $3,182 93101
    $3,449 Santa Barbara
    $1,345 United States

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

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