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These days, finding an affordable place to live in the Santa Barbara area can be challenging. Home prices in Santa Barbara are now at a median cost of $1,424,553, higher than the California average of $812,006.
The average cost of rent is $2,707/mo in Santa Barbara, primarily driven by the current value of real estate in the Santa Barbara area. In Santa Barbara, 52.15% of households rent, and 39.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Santa Barbara is $10,997 per month. Households that rent pay about 24.62% of their income on rent here. Santa Barbara’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montecito, CA: higher priced homes
- Isla Vista, CA: less expensive homes
- Goleta, CA: less expensive homes
- Summerland, CA: higher priced homes
- Ellwood, CA: less expensive homes
- Toro Canyon, CA: higher priced homes
- Carpinteria, CA: less expensive homes
- Meiners Oaks, CA: less expensive homes
- Oak View, CA: less expensive homes
- Mira Monte, CA: less expensive homes
Cities with Similar Populations
- Baton Rouge, LA: less expensive homes
- Baytown, TX: less expensive homes
- Atascocita, TX: less expensive homes
- Auburn, AL: less expensive homes
- Aurora, CO: less expensive homes
- Alhambra, CA: less expensive homes
- Apple Valley, CA: less expensive homes
- Anchorage, AK: less expensive homes
- Antioch, CA: less expensive homes
- Bayamon, PR: less expensive homes
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