Santa Monica, CA Community Information

Santa Monica, CA Homes for Sale

Santa Monica Neighborhood Information

Sandy golden beaches, bluffs overlooking the Pacific Ocean shores, a sun-kissed beach-life ambience and first-class culture sounds too good to be true. But Santa Monica, a coastal paradise in Western Los Angeles, is all that and much more. This seaside haven only spans 8.3 square miles but packs quite a punch. Santa Monica is ideally located just eight miles from the Los Angeles International Airport and is mere minutes from the downtown L.A. buzz. Add to the fact that the city is also edged by Pacific Palisades, West Los Angeles, Brentwood, Venice and Mar Vista on all sides, and Santa Monica becomes the quintessential halfway point en route to major Southern California destinations. It’s no wonder that Nearly 90,000 people already call Santa Monica home.

Santa Monica’s stunning beaches have a magnetic pull all its own, sprawling 3.5 miles long and maximized by nearly 350 days of sunshine a year. The Santa Monica Pier and Pacific Park Amusement offers a one-stop beachfront and boardwalk jam-packed with arcades, street vendors, shops, eateries, a Ferris wheel and a 1920s carousel—all while offering panoramic vistas of the Pacific Ocean.

True to California form, Santa Monica real estate comes at a high price. Limited housing stock has sent home prices in Santa Monica skyrocketing, with the average home price at about $730,000. This potential for housing shortages has also allowed for state-wide appreciation in the double digits, according to money.cnn.com, which lists Santa Monica’s median home price at $784,000 with 10 percent appreciation in the last year. According to Coldwell Banker’s annual Home Price Comparison Index, a 2,200-square-foot house with four bedrooms, 2.5 baths, a family room and a two-car garage could set Santa Monica home-buyers back nearly $1.8 million. But for many happy residents, Santa Monica is the classic beach lover’s utopia.

Sources:
http://en.wikipedia.org/wiki/Santa_Monica
http://www.santamonica.com/
http://en.wikipedia.org/wiki/Santa_Monica_Pier
http://www.homegain.com/local_real_estate/CA/santa_monica.html
http://money.cnn.com/magazines/moneymag/bplive/2006/snapshots/PL0670000.html
http://money.cnn.com/pf/features/lists/hpci_data/index.html

Santa Monica, CA Community Information

Population

81,856

Median Age

41.0

Median Household Income

$74,209

Households with Children

37.94%

Median Travel Time to Work

24 minutes

Santa Monica, CA Real Estate Market Information

Homes Owned

30.48%

Homes Rented

64.60%

Homes Vacant

4.92%

Santa Monica, CA Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Santa Monica, CA School Information

Elementary Schools

Primary Schools

Middle Schools

Secondary Schools

High Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 81,856
  • Total Male Population 39,704
  • Total Female Population 42,152
  • Population change since 2000 -15.49%
  • Median age 41.0
  • Percent of households with children 37.94%
  • Personal Crime risk 162

Transportation

  • Median travel time to work 24 minutes
  • Percent using Public transportation 4.03%
  • Percent Driving/Using Carpool 79.13
  • Percent Using Other transportation 6.65%
  • Percent Working From Home 10.19%

Education Levels

  • Some high school 7.24%
  • High school graduate 12.01%
  • Some college 16.92%
  • Associate degree 6.60%
  • Bachelor's degree 32.88%
  • Graduate degree 24.35%

Occupation

  • Agriculture, forestry, and fishing 0.03%
  • Construction 3.12%
  • Manufacturing 4.44%
  • Wholesale Trade 2.10%
  • Retail Trade 7.09%
  • Finance, insurance and real estate 8.40%
  • Services 5.66%
  • Public administration 2.11%
  • Information 13.08%
  • Professional 20.18%
  • Education 20.82%
  • Arts 10.74%

Income

  • Average household income $118,002
  • Income change since 2000 26.60%

Climate

  • Avg. January high/low temp 65.90 / 46.51
  • Avg. July high/low temp 73.41 / 61.66
  • Annual precipitation 14.40
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