Santa Monica, CA housing market
Typical home value
$1.66M
▲ 1.7% 1 yr
Typical rent
$3,516/mo
▲ 1.5% 1 yr
Gross rent yield
2.5%
U.S. 6.3%
5-year home value change
−1%
U.S. +20%
Key takeaways
- 1The typical home in Santa Monica is worth $1,657,936, up 1.7% over the past year and down 1% over five years.
- 2Typical rent is $3,516 a month (+1.5% YoY), a gross rent yield of 2.5% (below the Los Angeles, CA metro's 3.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $9,111/mo, $5,595 more than typical rent.
- 4Zillow forecasts the Los Angeles, CA metro's home values to change +1.9% over the next 12 months.
Market temperature (Los Angeles, CA metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #288 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Santa Monica compares
| Measure | Santa Monica | Los Angeles, CA metro | United States |
|---|---|---|---|
| Typical home value | $1,657,936 | $950,020 | $366,157 |
| Home value, 1-yr change | +1.7% | +1.3% | +1.2% |
| Typical rent | $3,516 | $2,929 | $1,932 |
| Rent, 1-yr change | +1.5% | +1.8% | +2.7% |
| Gross rent yield | 2.5% | 3.7% | 6.3% |
| Price-to-rent ratio | 39.3 | 27.0 | 15.8 |
| Mortgage P&I, typical home | $9,111 | $5,221 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Santa Monica rental, pre-filled.
Rent vs buy in Santa Monica
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $1.66M home.
Landlord in California? See California deposit, late fee and notice rules.
Other cities in the Los Angeles, CA metro
Los Angeles, CA
$928K home$2,772 rent
▼ 0.5% 1 yr
Long Beach, CA
$852K home$2,412 rent
▲ 2.4% 1 yr
Anaheim, CA
$942K home$2,755 rent
▲ 3.1% 1 yr
Santa Ana, CA
$859K home$2,820 rent
▲ 3.7% 1 yr
Irvine, CA
$1.48M home$3,604 rent
▼ 1.9% 1 yr
Santa Clarita, CA
$786K home$2,783 rent
▼ 0.8% 1 yr
Glendale, CA
$1.17M home$2,765 rent
▲ 1.4% 1 yr
Lancaster, CA
$461K home$2,460 rent
▼ 0.7% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.