Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 92,101, 36,114 total housing units (homes and apartments), and a median house value of $1,142,553, Santa Barbara house prices are not only among the most expensive in California, Santa Barbara real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Santa Barbara, accounting for 47.86% of the city's housing units. Other types of housing that are prevalent in Santa Barbara include large apartment complexes or high rise apartments ( 29.65%), duplexes, homes converted to apartments or other small apartment buildings ( 14.04%), and a few row houses and other attached homes ( 7.62%).
People in Santa Barbara primarily live in small (one, two or no bedroom) single-family detached homes. Santa Barbara has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Santa Barbara's housing was primarily built during this period, from the '40s through the '60s. A full 41.52% of the city's housing hails from this era. Other housing ages represented in Santa Barbara include homes built between 1970-1999 ( 32.21%) and housing constructed before 1939 ( 19.63%). There's also some housing in Santa Barbara built between 2000 and later ( 6.65%).
In the last 10 years, Santa Barbara has experienced some of the highest home appreciation rates of any community in the nation. Santa Barbara real estate appreciated 31.36% over the last ten years, which is an average annual home appreciation rate of 2.77%, putting Santa Barbara in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Santa Barbara definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Santa Barbara's appreciation rate, at 4.20%, has been at or slightly above the national average. In the latest quarter, Santa Barbara's appreciation rate has been 2.32%, which annualizes to a rate of 9.59%.
Importantly, this makes Santa Barbara one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Santa Barbara's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Santa Barbara differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Santa Barbara - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Santa Barbara real estate investment or home purchase decisions.
|$891,001 - $1,189,000||25.4|
|$594,001 - $891,000||19.0|
|$476,001 - $594,000||3.8|
|$357,001 - $476,000||2.2|
|$238,001 - $357,000||2.5|
|$119,001 - $238,000||1.2|
|$59,001 - $119,000||0.3|
|$0 - $59,000||2.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Santa Barbara HOMES|
|2000 or Newer||6.6|
|1970 - 1999||32.2|
|1940 - 1969||41.5|
|1939 or Older||19.6|
|TYPE OF Santa Barbara HOMES|
|Small Apt. Buildings||14.0|
|SIZE OF Santa Barbara HOMES|
|5 or more bedrooms||2.83|