Santa Barbara County, California Housing Market

In Santa Barbara County, California, the median home value is $790,700, with a median monthly rent of $2,131. This places Santa Barbara County at #33 nationally out of 3134 counties by median home value, and #16 within California.

Median Home Value $790,700
Median Rent $2,131/mo
Owner Occupancy 52.4%
Price/Rent Ratio 30.9

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Santa Barbara County rose +3.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

179,411
jobs (private sector)
  • Avg weekly wage: $1,354
  • Establishments: 17,346
  • BLS QCEW, 2025
🏗️

Housing Supply

1,371
new units authorized (2025)
  • Single-family: 433
  • Multi-family: 938
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1999
net migration (filers, 2021-2022)
  • Inflow: 178,468 (avg $120,737)
  • Outflow: 176,469 (avg $118,463)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Santa Barbara County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 93101 330.7 -5.51% 2025
2 93013 298.4 +11.36% 2025
3 93460 345.0 +9.65% 2025
4 93103 292.4 +11.35% 2024
5 93105 216.7 — 2025
6 93111 301.0 +2.88% 2025
7 93463 276.4 -6.19% 2025
8 93427 307.6 -3.76% 2025
9 93117 340.3 +4.40% 2025
10 93436 330.9 +5.65% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Santa Barbara County Compares

MetricSanta Barbara CountyCalifornia AverageU.S. Average
Median Home Value $790,700 $609,221 $227,706
Median Gross Rent $2,131 $1,690 $968
Owner Occupancy Rate 52.4% 63.4% 73.3%
Price/Rent Ratio 30.9 28.5 18.7

Market Analysis

The median home value in Santa Barbara County is 29.8% above the California state average and 247.2% above the U.S. national average. The median rent of $2,131/month is 26.1% above the state average.

With a price-to-rent ratio of 30.9, Santa Barbara County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.

Santa Barbara County has an owner-occupancy rate of 52.4%, compared to 63.4% in California and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
San Benito County California $793,400 $1,992
Wasatch County Utah $787,300 $2,000
San Juan County Washington $799,200 $1,512
Monterey County California $781,000 $2,055
Monroe County Florida $780,600 $1,999

Other Counties in California

CountyMedian Home ValueMedian RentOwner Occ.
San Benito County $793,400 $1,992 67.9%
Monterey County $781,000 $2,055 52.1%
Sonoma County $815,500 $2,158 62.6%
Ventura County $822,700 $2,317 64.6%
San Luis Obispo County $824,700 $1,992 62.1%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).