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Santa Monica city, CA

ZIP 90405 — 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 90405

Median Home Value
$1,940,700
Median Rent
$2,244
Affordability Snapshot
$534,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$12,467/mo PITI).

24%
Rent-to-Income Ratio

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

17.0x
Home Price-to-Income Ratio

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

72.1 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 90405 in Santa Monica city, CA, a household would need roughly $534,000 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 $12,467. That is about 366% above the local median household income ($114,489), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
31.1%-52% vs US avg
x
Vacancy Rate
11.2%+8% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
14.1%+10% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
39.9%+5% vs US avg
x
$1,940,700
Home Value
$2,244
Rent
1963
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached26.4%
  • 1-unit attached4.5%
  • 2-9 units32.6%
  • 10+ units36.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,940,700
Median rent$2,244
Owner-occupied31.1%
Vacant11.2%
Price-to-income17.0x
Est. income to buy$534,000