dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −24.1% YoY. inventory, +4.8% YoY, is the number to watch.
The median listing price is down 24.1% YoY while the median home got down 15.9% bigger, so value per square foot is down 16.0%.
U.S. Census ACS characteristics for ZIP 93109 itself, not its parent county.
Renters hold 44.5% of this ZIP's 4,576 occupied households, on a median household income of $123K.
| Measure | ZIP 93109 | Santa Barbara County | Difference |
|---|---|---|---|
| Median Household Income | $123K | $98K | +$25K |
| Below Poverty Level | 17.2% | 14.7% | +2.5% |
| Median Age | 42.40 | 34.60 | +7.80 |
| Total Population | 10,915 | 443,701 | -- |
| Avg Household Size | 2.38 | 2.81 | -0.43 |
| Owner-Occupied | 55.5% | 52.4% | +3.1% |
| Worked From Home | 21.6% | 13.4% | +8.2% |
| Mean Commute | 16.80 | 20.80 | -4.00 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 443,701: residents under 18 are down 0.2% and those 65 and over are up 2.4%.
County median household income is $98K, 14.7% of residents are below the poverty level, 13.4% work from home.