Market Overview
Home Prices in Santa Monica, CA
The median home value in Santa Monica, CA is $1,698,037 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Santa Monica are priced314% above average. Santa Monica is part of the Los Angeles-Long Beach-Anaheim, CA metro area.
Over the past five years, Santa Monica home values have risen by approximately2.4%, reflecting modest growth in this market.
Price History
Santa Monica Home Price Trend
City Comparison
Santa Monica vs. National Median
At $1,698,037, homes in Santa Monica cost 314% above the national median of $410,000. Buyers in Santa Monica should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Santa Monica?
20% Down Payment
$339,607
on $1,698,037
Monthly P&I
$8,856/mo
30-yr @ 6.8%
Total Monthly Est.
~$11,247/mo
incl. taxes & insurance
Income Needed
$449,880
gross annual (30% rule)
10% Down Option
$169,804
+ PMI applies
Loan Amount (20% dn)
$1,358,430
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Santa Monica, CA?
The median home value in Santa Monica is $1,698,037 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Santa Monica?
Over the past year, home values in Santa Monica have increased by 0.8%. Over five years, prices have risen approximately 2.4%.
How much do I need to earn to buy a home in Santa Monica?
To comfortably afford the median home price of $1,698,037 with a 20% down payment ($339,607) at today's rates (6.8%), you'd need a gross annual income of approximately $449,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Santa Monica compare to the national average home price?
The national median home value is approximately $410,000. At $1,698,037, homes in Santa Monica are 314% above the national average.
What metro area is Santa Monica part of?
Santa Monica is part of the Los Angeles-Long Beach-Anaheim, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.