The typical owner-occupied home in Goleta is worth about $1,062,100, 45% above the California median of $734,700 and 3.2 times the national median of $332,700. Owners pay a median $6,451 a year in property taxes, about 0.61% of their home's value, lower than the California rate of 0.70%. The median household earns $122,370 a year, so the median home costs 8.7 times the median income (7.4 times for California). 51% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Goleta at a glance
| Goleta | California | U.S. | |
|---|---|---|---|
| Median home value | $1,062,100 | $734,700 | $332,700 |
| Median property tax paid per year | $6,451 | $5,124 | $3,119 |
| Property tax as a share of value | 0.61% | 0.70% | 0.94% |
| Median household income | $122,370 | $99,122 | $80,734 |
| Homes lived in by their owners | 51% | 56% | 65% |
| Owner homes with a mortgage | 65% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,637 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 24.7% | 24.8% | 21.0% |
| Median rent | $2,437 | $2,036 | $1,413 |
| Rent as a share of renters' income | 29.6% | 32.8% | 30.6% |
| Median year homes were built | 1973 | 1976 | 1980 |
| Vacant homes | 4.6% | 7.5% | 10.1% |
| Population | 32,685 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Goleta
At this week's average 30-year rate of 7.11%, buying the median Goleta home of $1,062,100 with 20% down costs about $6,698 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,638, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $287,070 for the 20%-down payment. That payment is 66% of the median Goleta household income of $122,370; at that income and 20% down, the 28% guideline points to a home of about $453,000.
The median rent here is $2,437 a month, so owning the median home costs about $4,261 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $212,420 |
|---|---|
| Loan amount | $849,680 |
| Principal and interest | $5,716 |
| Property taxes (0.61% a year) | $540 |
| Homeowners insurance (our estimate, 0.5% a year) | $443 |
| PMI | $0 |
| Total per month | $6,698 |
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| Down payment | $37,174 |
|---|---|
| Loan amount | $1,042,863 |
| Principal and interest | $7,015 |
| Property taxes (0.61% a year) | $540 |
| Homeowners insurance (our estimate, 0.5% a year) | $443 |
| FHA mortgage insurance | $641 |
| Total per month | $8,638 |
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Questions about home buying in Goleta
What is the median home value in Goleta?
About $1,062,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Goleta?
Homeowners pay a median $6,451 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Goleta?
For the median home with 20% down at 7.11%, the payment is about $6,698 a month. Keeping that under 28% of gross income takes about $287,070 a year.
More about Goleta
- Mortgage Refinance in Goleta
- Debt Relief in Goleta
- Home Equity Loans in Goleta
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data