Home prices
Santa Margarita's median home value is $525,300. Compared to its surrounding areas it is about $39,420 (6%) lower.Compared to the nation as a whole it is roughly $307,800 (141%) higher, and is approximately $526,200 (50%) lower compared to the city of Santa Barbara.
Rents
Santa Margarita's median monthly rent is $978. It is about $484 (33%) lower compared to other places in this area.In comparison to the country as a whole it is roughly $84 (7%) lower, and in comparison to the city of Santa Barbara it is about $808 (45%) lower.
Nearby places
Atascadero
Atascadero is about 7 miles northwest from Santa Margarita. Housing prices there are somewhat less expensive. The median home cost in Atascadero is $493,200, which comes out to $32,100 (6%) lower than Santa Margarita. Its rents are somewhat more expensive. The median rent in Atascadero is $1,415 per month, which comes out to $437 (30%) higher than Santa Margarita.
San Luis Obispo
San Luis Obispo is roughly 9 miles south of Santa Margarita. Housing prices there are somewhat more expensive. The value of the median home in San Luis Obispo is $643,200, which comes out to $117,900 (18%) higher than Santa Margarita. Rents there are significantly more expensive. San Luis Obispo's median monthly rent is $1,575, which works out to $597 (37%) higher than Santa Margarita.
Morro Bay
Morro Bay is about 11 miles west of Santa Margarita. Real estate prices there are a bit more expensive. The median home value in Morro Bay is $607,300, which is $82,000 (13%) higher than Santa Margarita. Rents there are significantly more expensive. The median monthly rent in Morro Bay is $1,560, which comes out to $582 (37%) higher than Santa Margarita.
Los Osos
Los Osos is roughly 12 miles southwest from Santa Margarita. Its real estate prices are similar. The median home in Los Osos costs $551,500, which is $26,200 (4%) higher than Santa Margarita. Rent there is significantly more expensive. The median rent in Los Osos is $1,520 per month, which works out to $542 (35%) higher than Santa Margarita.
Templeton
Templeton is approximately 13 miles northwest from Santa Margarita. Real estate prices there are similar. The price of the median home in Templeton is $528,400, which is very similar to Santa Margarita. Rent there is a little more expensive. Templeton's median rent is $1,241 per month, which is $263 (21%) higher than Santa Margarita.
