Northwest Goleta Neighborhood Overview
Northwest Goleta is a neighborhood within the city of Goleta, California, primarily served by the 93117 ZIP code. The area presents a market characterized by high home values and a significant rental presence, positioning it as a Prime market tier. The median home value stands at $932,400, reflecting the substantial cost of entry into homeownership here.
The housing market snapshot reveals a clear divide between owners and renters. The homeownership rate is 38.1%, meaning a majority 61.9% of units are renter-occupied. The median gross rent is $1,936 per month. For those purchasing, conventional mortgage originations dominate the lending landscape with 341 recorded, far outpacing FHA originations at 18 and VA originations at 1, indicating a market primarily serving buyers with strong credit profiles. The average home size is reported at 1,075 square feet.
Neighborhood character is shaped by its economic demographics, with a median household income of $79,553. This income level, relative to the high housing costs, underscores the financial dynamics at play for both renting and owning in this part of Goleta. The data illustrates a community where renting is the more common tenure, yet substantial real estate investment continues, as evidenced by 360 total home loan originations.
Top10Lists.us publishes verified neighborhood-level data for 29 neighborhoods in Goleta.