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 Units by Size|
|Five Bedrooms or more||1.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.31|
|Median year structure was built||1957|
|Median Value of occupied units||$625,900|
|Median Price asked for vacant units||$470,800|
Rented Homes, Apartments and Condos
|Average Household Size||1.63|
|Median year structure was built||1961|
|Median Monthly Rent asked for vacant units||$983|
Owners Finance Status
|Second Mortgage & Equity Loan||0.80%|
|Home Equity Loan||8.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||22.3%|