Santa Barbara California
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This is an overview of the Santa Barbara California real estate market. It is intended as a resource for investors and other home buyers when researching Santa Barbara homes for sale.
The information is compiled from many sources, and will be updated every 3 months, however, some of the sources drawn from may be a few years older.
Last updated 3/15/2010.
OVERVIEW
Santa Barbara is located in Santa Barbara County in Southern California. The area code is 805 and the zip codes include: 93101, 93102, 93103,93105, 93111, 93120, 93121, 93130 and 93140. The population is around 86,000 and the area covers 19 square miles.
Compared to the rest of California, Santa Barbara has more college students, a higher Hispanic population, and more foreign born residents. There are also less rooms per house and a higher percentage of renters.
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MEDIAN HOME PRICE
The median sale price according to Zillow is $785,000 and according to Cyberhomes is $721,000.
PROPERTY TAXES
The median property taxes for houses with a mortgage are around $5049.
RENTS
The median gross rent is $1310.
RENTERS VS. HOMEOWNERS
Around 58% are renters and 5% of homes are vacant.
MEDIAN INCOME
The median household income is $87,000.
THE HOUSES
Most of Santa Barbara California real estate was built in the 1960's, with the next largest group being built in the 1950's. The third largest group was built before 1940.
JOBS
The most common 3 occupations include professional positions or related, sales & office, or service oriented.
There was 10.9% unemployment as of February 2010.
COMMUTING
The average time for commuters to get to work is 18 minutes. Approximately 6% work from home.
THE PEOPLE
Ethnic makeup in this area is mostly white non-hispanic at 58% and hispanic at 35%. Of the 25% foreign born residents, most are from Mexico.
EDUCATION
40% have a bachelor's degree or higher, while 16% have a graduate or professional degree.
THE WEATHER
Temperatures range from 76 in summer to 43 degrees Fahrenheit in winter. There are usually 30 days of precipitation and you can expect about 285 sunny days per year. Rainfall is 18 inches annually.
CRIME
Both violent and property crime in Santa Barbara is above the national average.
DISCLAIMER: All information is obtained amd combined from multiple sources but we cannot guarantee their accuracy.
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