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

$536,800

  • 6.1% 1-year change
  • 3.0% 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 $536,800. Santa Barbara Metro home values have gone up 6.1% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Santa Barbara Metro is None.

Foreclosures will be a factor impacting home values in the next several years. In Santa Barbara Metro 2.4 homes are foreclosed (per 10,000). This is lower than the California value of 2.6 and also lower than the national value of 3.9

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 4.3%, which is lower than the national value of 6.3%. 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 13.1%, which is higher than California at 11.6%.

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Relative ZHVI
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Santa Barbara Metro Market Overview

Data through Apr 30, 2015
  • $536,800 ZHVI
  • 3.0% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $491,250 Median sale price
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Santa Barbara Metro Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • 67 Average days on Zillow (Mar 31, 2015)
  • 13.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.4 homes Santa Barbara Metro
2.6 homes California
3.9 homes United States
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Cities in Santa Barbara Metro

Name Median ZHVI
Montecito $2,773,600
Santa Barbara $929,200
Goleta $737,500
Name Median ZHVI
Carpinteria $723,900
Santa Ynez $673,200
Solvang $610,400
Name Median ZHVI
Santa Maria $288,800
Lompoc $238,100
Guadalupe $172,100

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $302 Median sale price / sq ft
  • No data Listings with price cut
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Santa Barbara Metro Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $2,460 Santa Barbara Metro
    $2,238 California
    $1,364 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.97 Rent list price / sq ft
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