Home prices
The median home in Montecito is valued at $2,000,001. Compared to other places in this area this is roughly $897,581 (81%) higher.In comparison to the United States as a whole it is roughly $1,782,501 (819%) higher, and compared to the city of Los Angeles is about $1,363,101 (214%) higher.
Rents
In Montecito the median monthly rent is $2,404. It is approximately $189 (8%) higher compared to its nearby areas.It is roughly $1,342 (126%) higher compared to the entire country, and is about $954 (65%) higher compared to the city of Los Angeles.
Nearby places
Toro Canyon
Toro Canyon is Montecito's neighbor to the east. The housing prices there are a bit less expensive. Toro Canyon's median home cost is $1,791,700, which works out to $208,301 (11%) lower than Montecito. The rent there is somewhat more expensive. The median monthly rent in Toro Canyon is $3,167, which comes out to $763 (24%) higher than Montecito.
Santa Barbara
Santa Barbara is Montecito's neighbor to the west. Real estate prices there are a lot less expensive. The cost of the median home in Santa Barbara is $1,051,500, which is $948,501 (90%) lower than Montecito. Its rents are significantly less expensive. In Santa Barbara the median monthly rent is $1,786, which comes out to $618 (34%) lower than Montecito.
Mission Canyon
Mission Canyon is approximately 4 miles west of Montecito. The housing prices there are substantially less expensive. The median home in Mission Canyon is valued at $1,165,900, which comes out to $834,101 (71%) lower than Montecito. Its rents are a bit less expensive. Mission Canyon's median monthly rent is $2,181, which is $223 (10%) lower than Montecito.
Carpinteria
Carpinteria is roughly 6 miles southeast of Montecito. Real estate prices there are substantially less expensive. The median home in Carpinteria is valued at $705,300, which is $1,294,701 (183%) lower than Montecito. Rents there are a little less expensive. The median rent in Carpinteria is $1,940 per month, which is $464 (23%) lower than Montecito.
Goleta
Goleta is about 11 miles west of Montecito. The housing prices there are significantly less expensive. The median home in Goleta is valued at $797,700, which works out to $1,202,301 (150%) lower than Montecito. Rents there are somewhat less expensive. In Goleta the median rent is $1,999 per month, which comes out to $405 (20%) lower than Montecito.
