The Most Affordable Neighborhoods in Lower East, Santa Barbara, CA by Home Value

 

Lower East, Santa Barbara, CA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lower East area can be challenging. Home prices in Lower East are now at a median cost of $1,110,125, lower than the Santa Barbara average of $1,120,783.

The average cost of rent is $2,016/mo in Lower East, primarily driven by the current value of real estate in the Lower East area. While nearly 28.95% of residents own their homes outright in Lower East, 65.54% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lower East is $7,653 per month. Households that rent pay about 26.34% of their income on rent here. Lower East's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the neighborhood.


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