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Santa Monica city, CA

ZIP 90404 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 90404

Median Home Value
$1,159,500
Median Rent
$2,018
Affordability Snapshot
$319,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,448/mo PITI).

28%
Rent-to-Income Ratio

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

13.6x
Home Price-to-Income Ratio

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

47.9 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 90404 in Santa Monica city, CA, a household would need roughly $319,000 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 $7,448. That is about 275% above the local median household income ($85,081), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
22.0%-66% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
89.2%+2% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
9.7%-25% vs US avg
x
Built Post-2014
0.7%-89% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
30.9%-19% vs US avg
x
$1,159,500
Home Value
$2,018
Rent
1971
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached14.8%
  • 1-unit attached3.2%
  • 2-9 units46.5%
  • 10+ units34.9%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,159,500
Median rent$2,018
Owner-occupied22.0%
Vacant8.6%
Price-to-income13.6x
Est. income to buy$319,000