93111, Santa Barbara, CA

The 93111 zip code of Santa Barbara, CA has a median home value of $1,026,000. The home equity in this zip code is $527,000. This means that the typical homeowner in this zip code has over 50% of their home equity invested in their home. Additionally, the average home price appreciation rate for this zip code is 10%. This means that homeowners have seen an increase in their home values on average by 10% since 2007.

The 93111 zip code is located in the North County region of Santa Barbara County and has a population of about 30,000 people. The majority of homeowners in this zip code are owner-occupants and there are also a small number of renters. The majority of households in this zipcode have at least one vehicle and the average household size is 2.6 people.

There are many factors that contribute to the high levels of home equity and home prices in the 93111 zip code including: strong economic growth over the past decade; low interest rates; stable housing market conditions; and limited supply of homes available for purchase or rent. These factors have helped to make Santa Barbara County one of the most desirable places to live and invest in homes across California.