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These days, finding an affordable place to live in the Santa Margarita area can be challenging. Home prices in Santa Margarita are now at a median cost of $525,706, lower than the California average of $648,235.
The average cost of rent is $995/mo in Santa Margarita, primarily driven by the current value of real estate in the Santa Margarita area. While nearly 49.65% of residents own their homes outright in Santa Margarita, 33.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Santa Margarita is $6,669 per month. Households that rent pay about 14.92% of their income on rent here. Santa Margarita's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Garden Farms, CA: equally priced homes
- Pozo, CA: equally priced homes
- Creston, CA: higher priced homes
- San Luis Obispo, CA: higher priced homes
- Atascadero, CA: equally priced homes
- Avila Beach, CA: higher priced homes
- La Panza, CA: higher priced homes
- Los Osos, CA: higher priced homes
- Morro Bay, CA: higher priced homes
- Cayucos, CA: higher priced homes
Cities with Similar Populations
- Mentone, IN: less expensive homes
- Yoncalla, OR: less expensive homes
- Withee, WI: less expensive homes
- Wilton, AL: less expensive homes
- Whitewood, SD: less expensive homes
- Vernon, AZ: less expensive homes
- Valley, WA: less expensive homes
- Vader, WA: less expensive homes
- Upper Nyack, NY: higher priced homes
- Trimble, MO: less expensive homes
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