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 91,350 people, 36,114 houses or apartments, and a median cost of homes of $1,138,427, 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%).
Appreciation rates for homes in Santa Barbara have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 38.69%, which ranks in the top 30% nationwide. This equates to an annual average Santa Barbara house appreciation rate of 3.33%.
NeighborhoodScout's data show that during the latest twelve months, Santa Barbara's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, Santa Barbara's appreciation rate has been 0.12%, which annualizes to a rate of 0.48%.
Notably, Santa Barbara's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Santa Barbara's latest annual appreciation rate is higher than 70% 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.
|$889,001 - $1,185,000||26.3|
|$593,001 - $889,000||23.8|
|$474,001 - $593,000||5.2|
|$355,001 - $474,000||2.1|
|$237,001 - $355,000||3.7|
|$118,001 - $237,000||1.3|
|$59,001 - $118,000||0.5|
|$0 - $59,000||2.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 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|