There are currently 32,502 real estate properties in Santa Barbara, CA, with a median automated valuation model (AVM) price of $1,403,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Santa Barbara, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Santa Barbara, CA, is $1,893,986.00, with the most expensive house in Santa Barbara, CA, topping out at $68,702,800.00 and the cheapest home in Santa Barbara, CA, clocking in at $110,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Santa Barbara, CA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Barbara, CA, is on a rollercoaster ride. The average rent price in Santa Barbara, CA, is $3,452.00. Indeed, when looking to rent in Santa Barbara, CA, you can expect to pay as little as $1,210.00 or as much as $8,260.00, with the average rent median estimated to be $3,320.00. The good news is that finding an affordable and desirable property to rent in Santa Barbara, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Santa Barbara, CA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Santa Barbara, CA and much more. Save thousands at closing with home foreclosure listings in Santa Barbara, CA — up to 75% off market value!
Santa Barbara is located in Santa Barbara, California, with an estimated municipal population of 91,364 residents. All of the best foreclosed homes for sale in Santa Barbara are located in the following zip code areas on Foreclosure.com: 93105 93101 93103 93109 93102 93106 93120 93121 93130 93140 93190. The estimated population per square kilometer (.62 miles) in Santa Barbara is 1,808.
So, about how much do homes cost in Santa Barbara? The most recent median value of resident-owned homes in Santa Barbara is 1,054,688. An estimated 40.7 percent of households in Santa Barbara own their homes, with an average family size of 2.99. The median household income in Santa Barbara is 76,606, with40 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Santa Barbara, the median commute time of resident workers (in minutes) is 17.2. And last, but certainly not least, are you looking for homes to rent in Santa Barbara? If so, the average rent price paid by renters in Santa Barbara is 1,786, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Santa Barbara, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Santa Barbara is 39, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Santa Barbara is 41.8, with an average family size of 2.99.
The percentage of residents who report their race in Santa Barbara is as follows:
|Black / African American||1.5%|
|American Indian / Alaskan Native||0.7%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Santa Barbara? Or maybe you are searching for 55+ active adult communities in and/or near Santa Barbara?
The percentage of residents who report their age in Santa Barbara is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Santa Barbara with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Santa Barbara.
How do you know that living in -- or moving to -- Santa Barbara is right where you need to be? Perhaps you grew up in Santa Barbara or already live nearby; therefore, the decision to buy a home in Santa Barbara is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Santa Barbara for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Santa Barbara:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Santa Barbara.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Santa Barbara can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Santa Barbara, meanwhile, can field multiple offers from more qualified buyers.
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