Foreclosure Homes in Santa Monica, CA 90403

Current Market Conditions in Santa Monica, CA

Santa Monica's real estate market remains competitive with a high demand for property due to its desirable location. Homebuyers are attracted by the city’s proximity to the beach and a lively urban environment. The average home price continues to increase, attributed to limited inventory and ongoing interest from buyers.

The rental market is also strong, drawing both tourists and long-term renters. Many properties are listed for rent at premium prices, reflecting the high demand and attractive lifestyle options available.

Rent Prices In Santa Monica, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Santa Monica, CA, is on a rollercoaster ride. The average rent price in Santa Monica, CA, is $4,143.00. Indeed, when looking to rent in Santa Monica, CA, you can expect to pay as little as $1,200.00 or as much as $8,260.00, with the average rent median estimated to be $3,850.00. The good news is that finding an affordable and desirable property to rent in Santa Monica, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.