Though the average Santa Barbara county home value is $550,200, there are homes worth more than twice that average, or less than half of that average. At first glance, it seems as though there’s no rhyme or reason to home values.
There are plenty of properties below $300,000, which is a typical budget for a small family home. There are also properties that surpass $1,500,000, and they’re just a short drive away from these family residences. Santa Barbara is astoundingly diverse as far as real estate is concerned.
There are multiple standards of living in Santa Barbara County, which has led to every type of property imaginable. Most counties in California have slight variations in real estate averages from area to area, but Santa Barbara’s are undoubtedly vast. Homes that are practically down the street from each other could differ in price as much as 300%.
Newer construction is worth far more than older construction, and this has a significant affect on averages. Santa Barbara has a significant split between modern and dated homes. The modern homes put a significant boost on that figure, and older homes may fetch as much as $100,000 less than their newer counterparts.