Santa Monica

The short version

Median price

$1.7M

ZIP codes

90402, 90403, 90404, 90405

Region

Westside / Coastal Los Angeles

County

Los Angeles County

Schools covered

6 rated

Citywide median, three months ending August 2026 (Redfin, all home types), roughly flat year over year on 172 sales. North of Montana trades far above it, while Wilshire Montana 1BR condos start near $790K — price by ZIP and property type, not by the citywide figure.

About Santa Monica

Santa Monica is a city in Los Angeles County — not a neighborhood of Los Angeles. Incorporated in 1886, it has operated as a separate municipality for nearly 140 years with its own city government, police and fire departments, tax structure, and civic identity across just 8.4 square miles between the Pacific Ocean and the 405. The most consequential distinction for buyers is that Santa Monica has its own school district: the Santa Monica-Malibu Unified School District (SMMUSD), not LAUSD. The city is also NOT subject to LA City's Measure ULA transfer tax — a structural advantage at the $5M+ tier. Four ZIP codes anchor genuinely different markets: North of Montana estate luxury (90402), walkable Wilshire-Montana mid-city (90403), tech-adjacent value in Pico/Mid-City East (90404), and coastal-bohemian Ocean Park plus family-suburban Sunset Park (90405).

Where Locals Actually Eat

Hidden gems and city-specific favorites — no chains.

• Rustic Canyon — hyper-seasonal, daily-changing menu on Wilshire; 300+ wine list and a market-driven cocktail program. Founding chef Jeremy Fox left in December 2025; Elijah DeLeon now runs the kitchen.
• Seline — Dave Beran’s tasting menu on Main Street; earned its first Michelin star and a James Beard Best Chef: California win in June 2026.
• Father’s Office — Montana Avenue gastropub built around the Office Burger and 36 craft taps — and a strict no-ketchup policy.
• Bay Cities Italian Deli — family-owned on Lincoln since 1925; the Godmother sub is the order, and the line is part of the experience.
• Crudo e Nudo — sustainable seafood and daily crudo on Main Street, served from its own outdoor patio.
• Milo & Olive — neighborhood bakery and pizzeria on Wilshire; wood-fired pizzas, rustic breads, and morning pastries.

Just Opened

New to Santa Monica — restaurants, businesses, and entertainment that weren't here last year.

• West Side Oyster Club — Greg and Yunnie Morena opened this ~80-seat raw bar at 1355 Ocean Ave in summer 2026, in the former Blue Plate Oysterette space; lobster rolls, chowder bread bowls, oysters raw or grilled.
• Kogen Omakase — 10-seat sushi counter at 109 Santa Monica Blvd, open since July 2026; $295 per person.
• Khan Saab Desi Craft Kitchen — South Asian halal kitchen’s second location, open at 115 Santa Monica Blvd since July 2026.

Openings verified as of September 2026.

Top-Rated Schools

• Franklin Elementary (90402) — 9/10 GreatSchools rating; the major family-buyer draw in North of Montana.
• Roosevelt Elementary — strong reputation; serves portions of North of Montana and Sunset Park.
• Edison Language Academy (90404) — top-ranked dual-immersion program in Spanish and English.
• John Adams & Lincoln Middle Schools — SMMUSD middle schools serving southern and northern Santa Monica respectively.
• Santa Monica High School ("Samohi") — citywide comprehensive high school; about 2,600 students across six houses, with deep AP, CTE, and dual-language pathways plus athletics and arts.
• Crossroads School for Arts and Sciences — K-12 progressive independent school; top-ranked nationally.

Fun Places & Local Character

• Santa Monica Pier — the city’s signature oceanfront landmark and cultural destination.
• Third Street Promenade — downtown pedestrian shopping and dining spine, walkable from much of 90403.
• Montana Avenue — ten blocks of designer boutiques, galleries, and cafes from Ocean Avenue to about 17th Street; property within three blocks carries roughly a 15% premium.
• Main Street (Ocean Park) — the walkable commercial spine of Ocean Park — art galleries, cafes, boutiques, and restaurants.
• Palisades Park — iconic cliffside park with sunset vistas along the coast.
• Marvin Braude Bike Trail — 22 miles of oceanfront cycling infrastructure, within walking distance of most Ocean Park addresses.

What's Coming & What to Watch

The 2028 Santa Monica Airport closure and "Great Park" conversion — one of the largest urban park creation projects in Southern California is already reshaping Sunset Park, where values rose 12% from early 2025 to early 2026 in direct response to Great Park progress.

A 4.4-month inventory supply has replaced the 14-day frenzy of the early 2020s. As of early 2026 there were 67–77 active listings citywide, with inventory running 14% below the 10-year average — a balanced market that rewards informed decisions over urgency. Inventory counts move month to month; check current figures before pricing.

Continued North of Montana luxury appreciation — 4.2% year-over-year growth held up despite broader market softness, supported by an 18-year typical ownership hold that keeps supply structurally scarce and by Silicon Beach stock vesting behind roughly 40% of NoM luxury transactions.