Home Values

93109 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

$1,116,600

  • 5.0% 1-year change
  • 4.5% 1-year forecast

The median home value in 93109 is $1,116,600. 93109 home values have gone up 5.0% over the past year and Zillow predicts they will rise 4.5% within the next year. The median list price per square foot in 93109 is None.

Foreclosures will be a factor impacting home values in the next several years. In 93109 3.3 homes are foreclosed (per 10,000). This is greater than the Santa Barbara value of 1.4 and also greater than the national value of 3.0

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 93109 homeowners underwater on their mortgage is 3.4%, which is lower than Santa Barbara at 3.7%.

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Relative ZHVI
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93109 Market Overview

Data through Mar 31, 2015
  • $1,116,600 ZHVI
  • 4.5% 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
    (Mar 31, 2016)
  • No data Median listing price
  • No recent data Median sale price
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93109 Market Health

Data through Mar 31, 2015
  • 10.0/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 3.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)

Homes foreclosed (per 10,000)

3.3 homes(Dec 31, 2014) 93109
1.4 homes Santa Barbara
3 homes United States
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Nearby Zip Codes

Name Median ZHVI
93108 $2,573,200
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

  • No data
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93109 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $3,792 93109
    $3,787 Santa Barbara
    $1,362 United States

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

  • 4.2 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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