Eastern Goleta Valley, California Housing Market Prices
Eastern Goleta Valley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price About the same as the California median$651,153
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Median rent 23% above the California median$2,512
Housing Market Overview
| Metric | Eastern Goleta Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $651,153 | $650,794 | $248,835 |
| Price Trend (Annual %) | -0.7% | 8.9% | 7.5% |
| Median Gross Rent | $2,512 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eastern Goleta Valley is about the same as in California. Rent is about 23% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Eastern Goleta Valley: home prices fell about 0.7% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
Median rent in Eastern Goleta Valley rose about 43.8% between 2015 and 2024, from $1,747 to $2,512. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 5.2 yearly household incomes in Eastern Goleta Valley.
Buying the median-priced home in Eastern Goleta Valley costs roughly 21.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Eastern Goleta Valley. The price-to-rent ratio in California is about 26.6.
| Metric | Eastern Goleta Valley | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $651,153 | $650,794 | $248,835 |
| Median Household Income | $126,066 | $99,161 | $80,455 |
| Price-to-Income Ratio | 5.2 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eastern Goleta Valley fell about 23.6%, while median household income rose about 57.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Eastern Goleta Valley | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 51.7% | 58.5% |
| Rental Rate | 33.5% | 40.8% | 31.2% |
| Vacancy Rate | 6.6% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Eastern Goleta Valley has a homeownership rate of 59.9%, higher than the California average of 51.7%. Its housing vacancy rate is 6.6%, compared with 7.5% in California.
Housing Stock
| Metric | Eastern Goleta Valley | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1972 | 1975 | 1978 |
| Median Number of Rooms | 5.3 | 5.0 | 5.5 |
The typical housing unit in Eastern Goleta Valley was built around 1972. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Eastern Goleta Valley, CA Housing Compared With Nearby Cities
How Eastern Goleta Valley, CA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Eastern Goleta Valley, CA | 26,421 | $651,153 #2/3 | $2,512 #1/3 | 64.1% #1/3 |
| Goleta, CA | 30,860 | $283,299 | $2,417 | 52.1% |
| Santa Barbara, CA | 82,703 | $2,019,848 | $2,400 | 39.2% |
Frequently Asked Questions
Common questions about the housing market in Eastern Goleta Valley, California.
What is the median home price in Eastern Goleta Valley, California?
The median home price in Eastern Goleta Valley, California is $651,153, about the same as the California average.
What is the average home price in Eastern Goleta Valley, California?
The typical home price in Eastern Goleta Valley, California, reported as the median sale price, is $651,153. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Eastern Goleta Valley, California?
The median gross rent in Eastern Goleta Valley, California is $2,512 per month, higher than the California average of $2,036.
What was the median gross rent in Eastern Goleta Valley in 2020?
In 2020, the median gross rent in Eastern Goleta Valley, California was $2,122 per month.
What is the price-to-rent ratio in Eastern Goleta Valley, California?
The price-to-rent ratio in Eastern Goleta Valley, California is about 21.6, meaning it would take roughly 21.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Eastern Goleta Valley.
Are home prices or rent rising faster in Eastern Goleta Valley, California?
Home prices and rent are moving in opposite directions in Eastern Goleta Valley: home prices fell about 0.7% a year while rent rose about 4.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Eastern Goleta Valley, California?
59.9% of households in Eastern Goleta Valley, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Eastern Goleta Valley, California?
The housing vacancy rate in Eastern Goleta Valley, California is 6.6%, lower than the California average of 7.5%.
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