Property Prices in Santa Monica, CA, United States

Index Info
Price to Income Ratio: 6.09
Mortgage as Percentage of Income: 55.12%
Loan Affordability Index: 1.81
Price to Rent Ratio - City Centre: 15.86
Price to Rent Ratio - Outside of Centre: 13.69
Gross Rental Yield (City Centre): 6.31%
Gross Rental Yield (Outside of Centre): 7.30%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 2,933.33 $ 2,600.00-3,200.00
Apartment (1 bedroom) Outside of Centre 2,600.00 $ 2,300.00-2,900.00
Apartment (3 bedrooms) in City Centre 5,833.33 $ 5,000.00-7,000.00
Apartment (3 bedrooms) Outside of Centre 4,366.67 $ 3,200.00-5,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 987.49 $ 874.99-1,099.99
Price per Square Feet to Buy Apartment Outside of Centre 699.99 $
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,457.25 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.65 6.19-7.00

These data are based on 31 entries in the past 18 months from 11 different contributors.
Last update: December 2024

Sources and References
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