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Santa Monica city, CA

ZIP 90403 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 90403

Median Home Value
$1,553,500
Median Rent
$2,380
Affordability Snapshot
$428,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$9,979/mo PITI).

24%
Rent-to-Income Ratio

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

12.8x
Home Price-to-Income Ratio

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

54.4 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 90403 in Santa Monica city, CA, a household would need roughly $428,000 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 $9,979. That is about 252% above the local median household income ($121,512), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
28.7%-56% vs US avg
x
Vacancy Rate
10.0%-3% vs US avg
x
Broadband Access
91.8%+6% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
40.4%+6% vs US avg
x
$1,553,500
Home Value
$2,380
Rent
1966
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached10.2%
  • 1-unit attached3.3%
  • 2-9 units30.7%
  • 10+ units55.7%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,553,500
Median rent$2,380
Owner-occupied28.7%
Vacant10.0%
Price-to-income12.8x
Est. income to buy$428,000