Montecito, California.
Typical home $5,676,750 (+13.0% in a year), asking rent $18,039 . Santa Maria-Santa Barbara, CA metro.
to buy the typical home at today's mortgage rate — +$19,625 (+193%) since Jan 2020.
- 1 year
- Up $654,883 +13%
- $5,021,867$5,676,750 since Sep 2025
- 5 years
- Up $1,749,309 +45%
- $3,927,441$5,676,750 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Montecito$29,796
- California$3,997
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Montecito, CA rose 13.0% over the past year — faster than the nation's +1.2%.
Living in Montecito, Santa Barbara County, California
Montecito, in Santa Barbara County, had 8,638 people in the 2020 census. Half its households earn more than $231,005 a year and half less, against $98,161 across Santa Barbara County; 8% of its people live below the poverty line. 76% of its homes are lived in by their owners and 24% are rented. Unemployment in Santa Barbara County was 4.6% in August 2026, and the county had 0.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Montecito is a community where most homes are lived in by their owners, and where incomes run far above the county's. Homes here are among the most expensive anywhere, and rents are high as well. Nearly all adults hold a four-year degree, and fewer households fall below the poverty line than you might expect in a place with so much variety in how people earn a living.
Work. Many residents work in schools, hospitals and social care, in professional and business services, or in banks, insurance and property. Among the larger workplaces in Montecito are Westmont College, Montecito Union Elementary Schools and the Montecito Water District. Commutes are short, and a good number of people work from home. Across Santa Barbara County, unemployment is a little lower than a year ago, though there are slightly fewer jobs than there were.
Things to do. Lotusland, a botanical garden, sits in or beside town, as does the Andree Clark Bird Refuge, a protected area for watching birds. A short drive away are the Santa Barbara Museum of Art and Leadbetter Beach. Winters are mild, with little or no snow, and summers are warm without being hot, with a modest amount of rain across the year.
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- 3,390households
- 76%of adults have a degree
- 8%below the poverty line
- 18 mintypical commute
- 34%work from home
What residents work in
Employed residents by industry, from the Census survey. Santa Barbara County had 214,947 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 66° and lows near 46°; warmest in August, with highs near 78° and lows near 60°. About 19 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Santa Barbara weather station, 3 miles away (NOAA).
Largest workplaces in Montecito
- Westmont CollegeUniversity or college390
- Channel Islands Young Mens Christia813410 civic and social organizations79
- Montecito Union Elementary SchoolsSchool district68FTE
- Compass Group40
- Cold Spring Elementary SchoolsSchool district30FTE
- Montecito Water DistrictMunicipality27
- Friendship Adult Day Care CenterDay care centers, adult22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 168 people in all. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingVery high
- LandslidesVery high
- EarthquakesRelatively high
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Montecito’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Santa Barbara County and the Santa Maria-Santa Barbara, CA metro.
Montecito home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Montecito$5,676,750
- California$761,538
- United States$366,157
Sellers are cutting prices on about 1 in 4 Montecito listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Montecito24.58%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Montecito51
New listings per month
Sellers arriving at the market.
- Montecito9
Zip codes with a Montecito address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Montecito — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.