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Santa Monica, CA, USA apartments for sale
Santa Monica
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.
| Population | 92,495 |
| Median Age | 40.5 |
| Poverty Rate | 11% |
| Household Income | $86,084 |
| Number Of Employees | 52,669 |
| Median Property Value | $1,168,500 |
Average Price of Apartments for Sale in Santa Monica, CA
Average apartment sale in Santa Monica, CA: $1,612,444
(-2.1%)
| Month | Median Price |
|---|---|
| Aug 2023 |
$1,487,995
|
| Jul 2023 |
$1,487,995
|
| Jun 2023 |
$1,546,933
|
| May 2023 |
$1,591,000
|
| Apr 2023 |
$1,826,400
|
| Mar 2023 |
$1,430,181
|
| Month | Median Price |
|---|---|
| Aug 2023 |
$3,413,307
|
| Jul 2023 |
$3,413,307
|
| Jun 2023 |
$3,413,307
|
| May 2023 |
$4,390,895
|
| Apr 2023 |
$5,440,705
|
| Mar 2023 |
$5,672,056
|
Household Income
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.
Property Value
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.
Rent vs. Own
Property Taxes
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.