Home Values

Santa Barbara Metro 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

$527,400

  • 10.8% 1-year change
  • 5.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in Santa Barbara Metro is $527,400. Santa Barbara Metro home values have gone up 10.8% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in Santa Barbara Metro is $416, which is higher than the California average of $250. The median price of homes currently listed in Santa Barbara Metro is $674,900 while the median price of homes that sold is $485,475. The median rent price in Santa Barbara Metro is $1,800, which is lower than the California median of $1,900.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara Metro 1.8 homes are foreclosed (per 10,000). This is lower than the California value of 2.4 and also lower 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 Santa Barbara Metro 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 Metro homeowners underwater on their mortgage is 16.4%, which is higher than California at 13.2%.

Read more
Relative ZHVI
- +

Santa Barbara Metro Market Overview

Data through Sep 30, 2014
  • $527,400 ZHVI
  • 5.3% 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
    (Sep 30, 2015)
  • $674,900 Median listing price
  • $485,475 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Santa Barbara Metro Market Health

Data through Sep 30, 2014
  • 8.9/10 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.
  • 75 Average days on Zillow (Aug 31, 2014)
  • 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)

1.8 homes Santa Barbara Metro
2.4 homes California
4 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Santa Barbara Metro

Name Median ZHVI
Montecito $2,931,800
Santa Barbara $981,300
Carpinteria $781,100
Name Median ZHVI
Goleta $749,600
Santa Ynez $738,400
Solvang $657,900
Name Median ZHVI
Santa Maria $304,600
Lompoc $253,800
Guadalupe $201,900

Listings & Sales

Data through Sep 30, 2014
  • $416 Median list price / sq ft
  • $259 Median sale price / sq ft
  • 35.2% Listings with price cut
14.9%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Santa Barbara Metro Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,076 Santa Barbara Metro
    $2,150 California
    $1,335 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading