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Santa Monica home prices and affordability, 2019 to 2025

Santa Monica home prices rose about 18% from 2019 to 2025, and with higher mortgage rates, buying the median home here now takes $3,566 more a month.

Home prices, 2019 to 2025+18%Our own index · LA County +39%
Median sale, 2025$1,725,000was $1,383,699 in 2019
Monthly mortgage payment$8,813was $5,247 in 2019
Income to keep it under 30%$353,000was $210,000 in 2019

How prices moved

Santa Monica rose more slowly than LA County

On our own index, Santa Monica home prices rose 18% from 2019 to 2025, against 39% for LA County as a whole, and we rate it high confidence.

The median sale rose by about the same, from $1,383,699 to $1,725,000. Our own index and the median sale measure different things, so in other neighborhoods they can tell different stories.

See LA County home prices by neighborhood
Santa Monica+18%
LA County+39%
0%Our own index50%
High confidence

What it costs to buy now

$3,566 more a month than in 2019

With 20% down on the median sale, the monthly mortgage payment went from $5,247 in 2019 to $8,813 in 2025. About half the rise, $1,518, came from higher prices and $2,048 from the higher mortgage rate, 6.60% against 3.94%.

The 20% down payment grew from $276,740 to $345,000.

2019
$5,247
2025
$8,813
From higher prices $1,518From the higher rate $2,048

Compare the neighborhoods next door

  • Santa Monica

    Prices since 2019
    +18%
    Payment in 2025
    $8,813
    Rise a month
    +$3,566

  • West Los Angeles

    Prices since 2019
    +22%
    Payment in 2025
    $5,646
    Rise a month
    +$2,139

  • Venice

    Prices since 2019
    +18%
    Payment in 2025
    $10,500
    Rise a month
    +$4,126

  • Mar Vista

    Prices since 2019
    +26%
    Payment in 2025
    $9,852
    Rise a month
    +$4,563
All LA County neighborhoods

Your number

What would Santa Monica cost you?

Change the down payment and rate to see the monthly mortgage payment on the median Santa Monica home.

Your monthly mortgage payment in Santa Monica$8,813$4,313 a month over your budget

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Monthly mortgage payment: principal and interest on a 30-year fixed loan on each neighborhood’s 2025 median sale; taxes and insurance not included.

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A model-generated estimate and analytical context, not investment advice. The estimated value comes from an automated valuation model (AVM). An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Questions about Santa Monica

How much have Santa Monica home prices changed since 2019?

On our own index, Santa Monica home prices rose about 18% from 2019 to 2025, against about 39% for LA County as a whole. We rate the figure high confidence. The median sale went from $1,383,699 to $1,725,000.

How much does it cost to buy a home in Santa Monica?

The median Santa Monica home sold for $1,725,000 in 2025. With 20% down, $345,000, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $8,813 before taxes and insurance.

What income do you need to buy in Santa Monica?

About $353,000 a year for the median Santa Monica home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $210,000 in 2019. Lenders apply their own tests, and taxes and insurance come on top of the payment.

How much has the monthly mortgage payment in Santa Monica changed since 2019?

The monthly mortgage payment on the median Santa Monica home rose $3,566, from $5,247 in 2019 to $8,813 in 2025. Higher prices added $1,518, and the higher mortgage rate, 3.94% to 6.60%, added $2,048.

How does Santa Monica compare with LA County?

The monthly mortgage payment on the median Santa Monica home was $8,813 in 2025, higher than the $4,410 on the median LA County home. Since 2019 it rose $3,566, and LA County’s rose $2,135.

What does the full cost to own a home add?

Property tax, insurance, HOA dues and upkeep come on top of the monthly mortgage payment shown here. A free account’s Cost to Own adds them up for a specific home, and three homes a month are free.

Home prices: our own index from Los Angeles County Assessor sales, 2019 to 2025. Monthly mortgage payment is principal and interest on the median sale with 20% down and a 30-year fixed loan, at each year’s average Freddie Mac rate (3.94% in 2019, 6.60% in 2025); taxes and insurance are not included. Sales: Los Angeles County Assessor.