Santa Barbara, CA Housing Market: Home Prices & Rent
Santa Barbara home values since 2000
Last few years
Rent in Santa Barbara
Owning vs renting, monthly
Buying the typical Santa Barbara home with 20% down at this week's 7.32% 30-year rate costs about $12,180/month (principal, interest plus ~1.5% a year for tax and insurance) vs $3,642/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Santa Barbara vs California and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Santa Barbara, CA | $1.81M | +4.9% | $3,642/mo |
| California | $762k | +0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Santa Barbara, CA?
No - the typical Santa Barbara home value is up 4.9% over the past 12 months, at $1.81M (September 2026).
Is the Santa Barbara housing market crashing?
Home values are close to their 2020s high and up 4.9% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Santa Barbara, CA?
Typical rent in Santa Barbara is $3,642 a month (September 2026), +3.8% over 12 months.
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Santa Barbara, September 2026). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.