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These days, finding an affordable place to live in the Santa Monica area can be challenging. Home prices in Santa Monica are now at a median cost of $85,544, lower than the Texas average of $322,096.
The average cost of rent is $672/mo in Santa Monica, primarily driven by the current value of real estate in the Santa Monica area. In Santa Monica, 47.92% of households rent, and 62.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Santa Monica is $4,461 per month. Households that rent pay about 15.07% of their income on rent here. Santa Monica’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Raymondville, TX: less expensive homes
- San Perlita, TX: equally priced homes
- Lyford, TX: higher priced homes
- Willamar, TX: higher priced homes
- Sebastian, TX: equally priced homes
- Lasara, TX: less expensive homes
- Yznaga, TX: higher priced homes
- Monte Alto, TX: higher priced homes
- Port Mansfield, TX: equally priced homes
- Edcouch, TX: equally priced homes
Cities with Similar Populations
- Free Trade, MS: equally priced homes
- Smithville, IL: higher priced homes
- Smith Mills, KY: higher priced homes
- Garrard, KY: higher priced homes
- Gardner, LA: higher priced homes
- Funkhouser, IL: higher priced homes
- Fruitland, MO: higher priced homes
- Frost, MN: higher priced homes
- Freestone, TX: higher priced homes
- Freedom, OH: higher priced homes
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