Is Santa Barbara, CA a good place to invest in rental property?

Santa Barbara, CA has a median modeled monthly cash flow of $-7,806 and a median cap rate of 1.8%, on a median sold price of $1,950,000. Prices changed +2.5% year over year.

What is the average cap rate in Santa Barbara, CA?

The median cap rate across recently sold homes in Santa Barbara, CA is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Santa Barbara, CA?

The median sold price in Santa Barbara, CA is $1,950,000 (about $1,243 per square foot).

Investing in Santa Barbara, CA Real Estate

A data-driven snapshot of the Santa Barbara, CA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,950,000Median sold price

$1,243Median $/sqft

1.8%Median cap rate

$-7,806Modeled cash flow / mo

+2.5%Appreciation YoY

4.8Months of supply

212Active listings

527Sold (last 12 mo)

What the Santa Barbara numbers say

In Santa Barbara, CA, the median home sold for $1,950,000 (about $1,243 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-7,806 of monthly cash flow. Sold prices moved +2.5% over the past year. Inventory sits at about 4.8 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other California markets to compare

See Santa Barbara cash-flowing listings

CashFlowRE ranks every for-sale home in Santa Barbara, CA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Santa Barbara deals, or browse the national market data.