According to statistics, the population in Santa Monica, CA amounts to 92,495, which shows decline 0% compared to the previous year. The median age of the city’s residents is 41. The average household income is $86,084, shifting growth 5% from the past year, and the average property value in Santa Monica, CA growth 8% to $1,168,500 throughout the year.
|Number Of Employees||52,669|
|Median Property Value||$1,168,500|
The average household income in Santa Monica, CA grew from $82,123 to $86,084 in the past year. This data is an estimate based upon 46,358 households in Santa Monica, CA . The chart below presents how household income is distributed in Santa Monica, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Santa Monica, CA shifted from $1,086,300 to $1,168,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Santa Monica, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Santa Monica, CA properties falls in the '$2,000,000 or More' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Santa Monica, CA compared to median property taxes around the country. The prevalent amount of property taxes in Santa Monica, CA equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$5,936,714||+7.8%|
|1 bed for sale||$988,666||-13.7%|
|2 bed for sale||$1,789,984||+49.9%|
|3 bed for sale||$2,156,876||-13%|
|4+ bed for sale||$3,974,849||-44.2%|
During Jul 2022, the average price for an apartment in/near Santa Monica, CA increased by 1.6% to $2,909,112.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 13.7% to $988,666. Asking price for 2-bed apartment also increased by 49.9% and a place of this size will now cost you $1,789,984. A 3-bed apartment goes for $2,156,876, it decreased by 13% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 44.2% and made it down to $3,974,849.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$4,702,157||+30.8%|
|Apartments for sale||$53,750||-97.8%|
|Houses for sale||$3,516,073||-10.1%|
|Condos for sale||$1,626,321||+2.4%|
|Duplexes for sale||$3,750,000||N/A|
|Land for sale||$2,400,000||N/A|
The average cost of an apartment in Santa Monica, CA decreased by 97.8% to $53,750. Price reports demonstrate that house price decreased by 10.1% this month making it up to $3,516,073. Condos are really in demand in this season. The median price for a condo increased by 2.4%, it’s now available for $1,626,321. An average value of duplex is $3,750,000, thus a median price for a duplex remains the same this month. The property value of townhouses increased by 30.8%, you’ll have to spend around $4,702,157 to get one.