What income do you need to buy a house in Montecito, CA?
It takes about $1,519,000/yr to afford the typical Montecito, CA home ($5.68M, +13.0% past year) at today's rates. Starter homes run around $3.16M. See if you can afford a house in Montecito (2026 data) — free, no signup.
Market snapshot (2026-09)
- Income needed to buy the typical home: about $1,519,000/yr (28% front-end ratio, 20% down, 7.24% 30-yr fixed, CA property tax and insurance)
- Typical home value: $5.68M (Zillow ZHVI, 2026-09)
- 1-year change: +13.0%
- Bottom 35% of homes: $3.16M
- Top 35% of homes start around: $10.36M
- Typical rent: $18K/mo
- Median household income: $231K
- Price-to-income ratio: 24.6
- Estimated payment on the typical home: $30,950/mo principal & interest (20% down, 7.24% 30-yr fixed)
Nearby housing markets
The most affordable cities to buy a house in California
Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.
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