93110 Home Prices & Values

$969,400 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

  • -0.6% 1-year change
  • 0.5% 1-year forecast

The median home value in 93110 is $969,400. 93110 home values have declined -0.6% over the past year and Zillow predicts they will rise 0.5% within the next year. The median list price per square foot in 93110 is $715, which is higher than the Santa Barbara Metro average of $426. The median price of homes currently listed in 93110 is $1,650,000 while the median price of homes that sold is $1,484,231. The median rent price in 93110 is $2,050, which is higher than the Santa Barbara Metro median of $1,770.

Foreclosures will be a factor impacting home values in the next several years. In 93110 2.3 homes are foreclosed (per 10,000). This is greater than 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 93110 is 5.5%, 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 93110 homeowners underwater on their mortgage is 5.7%, which is lower than Santa Barbara Metro at 16.4%.

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Relative ZHVI
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93110 Market Overview

Data through Aug 31, 2014
  • $969,400 ZHVI
  • 0.5% 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)
  • $1,650,000 Median listing price
  • $1,484,231 Median sale price (Jul 31, 2014)
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93110 Market Health

Data through Aug 31, 2014
  • 0.7/10 Less 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 data Average days on Zillow
  • 5.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.3 homes(Mar 31, 2014) 93110
2.2 homes Santa Barbara Metro
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
93108 $2,525,300 93109 $1,016,100 93105 $972,800
93103 $968,000 93111 $797,300 93101 $766,100

Listings & Sales

Data through Aug 31, 2014
  • $715 Median list price / sq ft
  • $503 Median sale price / sq ft (Jul 31, 2014)
  • 32.4% Listings with price cut
5.1%
Sold below listing
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93110 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
$2,761 93110
$2,025 Santa Barbara Metro
$1,328 United States
  • 6.1 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)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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