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Santa Monica city, CA

ZIP 90402 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 90402

Median Home Value
$2,000,001
Median Rent
$2,413
Affordability Snapshot
$551,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,847/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

10.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

69.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 90402 in Santa Monica city, CA, a household would need roughly $551,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $12,847. That is about 202% above the local median household income ($182,688), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.8%+13% vs US avg
x
Vacancy Rate
17.3%+68% vs US avg
x
Broadband Access
97.9%+12% vs US avg
x
4+ Bedrooms
14.2%-4% vs US avg
x
Built Pre-1939
10.2%-21% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
25.6%-49% vs US avg
x
Mortgage-Free
35.8%-6% vs US avg
x
$2,000,001
Home Value
$2,413
Rent
1957
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached61.7%
  • 1-unit attached2.5%
  • 2-9 units5.9%
  • 10+ units28.7%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$2,000,001
Median rent$2,413
Owner-occupied73.8%
Vacant17.3%
Price-to-income10.9x
Est. income to buy$551,000