Santa Monica, CA Real Estate

According to census data in the year 2000 there were 47,863 housing units in Santa Monica. This represents a 0.2% growth from 47,753 in 1990.

Of those housing units, 47,863 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Santa Monica is about 29.8%. Santa Monica's vacancy rate, including seasonal lodging, is about 7%. Average household size is 1.84 people.

The majority of houses, apartments or condos in Santa Monica were built after 1961.


Housing Size

Housing Units by Size
Studio Type10.40%
One Bedroom37.30%
Two Bedrooms34.60%
Three Bedrooms12.50%
Four Bedrooms3.50%
Five Bedrooms or more1.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.31
Median year structure was built1957
Median Value of occupied units$625,900
Median Price asked for vacant units$470,800

Rented Homes, Apartments and Condos

Average Household Size1.63
Median year structure was built1961
Median Monthly Rent asked for vacant units$983

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage8.60%
Home Equity Loan8.80%
Simple Mortgage54.20%
Debt Free27.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs22.3%