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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 10.40% |
| One Bedroom | 37.30% |
| Two Bedrooms | 34.60% |
| Three Bedrooms | 12.50% |
| Four Bedrooms | 3.50% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 54.20% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
