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Santa Margarita

Learn about the people, housing, costs and businesses in Santa Margarita, California

Median Home$853,700
Median Rent$2,032/month
Population1,318
Leading IndustriesEducation · Public Administration · Healthcare3% education
Home Value Growth⬆⬆+11.5% over 2 years
Retirees29% of residentswell above average
Homeowners76% of occupied units
NotableHighly Educated29% hold a bachelor's degree · top 10% nationally
NotableHigh Incomes$99k/year · top 18% nationally
Santa Margarita
CA

Explore Santa Margarita

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Santa Margarita?

As of today, the 30-year fixed mortgage rate for Santa Margarita is approximately 6.823% (6.856% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Santa Margarita?

The median home value in Santa Margarita is $854k. The median monthly rent is $2,032. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Santa Margarita?

Home values in Santa Margarita have increased 11.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Santa Margarita?

Based on a typical all-in ownership cost of $2,604/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $112k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Santa Margarita is $99k/year.

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What industries drive the economy in Santa Margarita?

The largest employment sectors in Santa Margarita are public administration (28%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.