ZIP Code · CA

ZIP 93108

Part of Montecito, CA

Pop. 11,526·Santa Barbara County·2nd most expensive ZIP in California

Median rent (all units)

$13,333/mo

Year-over-Year

+10.2%

Month-over-Month

+0.7%

vs US Median

+$11,401

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 93108 · $13,333

More expensive than 100% of US ZIP codes · National median $1,932/mo

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Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 93108 is at its highest level since Zillow's records here began in February 2023.

Past year vs. the rest of California

Rent in ZIP 93108 changed +10.2% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($230,419) is $5,760 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($5,410); a 4-bedroom is $6,030.

Cheaper nearby

ZIP 93103, 4 miles away, rents for 70% less ($3,983/mo), about $112,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 93108. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$159,996/yr

At $13,333/mo median

Location

CityMontecito

StateCA

CountySanta Barbara County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 10.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+10.2% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 93108 (Montecito, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 75.5% of residents hold a bachelor's degree or higher.

Population

11,526

Median income

$230,419

Median age

54.5

Renters

21.5%

Age distribution

14.1%

18%

18.6%

12.8%

36.5%

Under 1814.1%

18–3418%

35–5418.6%

55–6412.8%

65+36.5%

Gender

46%

54%

Male46%

Female54%

Race & ethnicity

78.4%

White78.4%

Hispanic11.4%

Asian3.3%

Other6.6%

Education (25+)

18.9%

75.5%

No HS diploma1.7%

HS diploma3.9%

Some college18.9%

Bachelor's+75.5%

Housing tenure

78.5%

21.5%

Owner78.5%

Renter21.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 93108 in Montecito, CA has changed in 5 years

Rent

$10,779 → $13,333

up 23.7%

Income

$192,303 → $230,419

up 19.8%

Population

11,097 → 11,526

up 3.9%

Renter share

26.4% → 21.5%

-4.9 pts

Bachelor's+

75.3% → 75.5%

+0.2 pts

Median age

53.9 → 54.5

+0.6 yrs

The median rent in ZIP 93108 in Montecito, CA stood at $10,779 in 2023 and currently runs about $13,333, reflecting a 23.7% increase over the period. Local incomes tracked alongside that move, going from a median of $192,303 in 2021 to $230,419 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.9% since 2021, moving from about 11,097 residents to roughly 11,526. Renters now make up 21.5% of households, compared with 26.4% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 93108 in Montecito, CA market of 2023.

Community

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About renting in ZIP 93108

Last updated: October 17, 2026

ZIP code 93108 covers Montecito, CA. The median rent here is $13,333/mo as of October 2026.

At 69% of local median household income ($230,419/yr), ZIP 93108 ranks as expensive compared to the national benchmark of 30%. Rents have increased 10.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 93108?

To keep rent at or below 30% of gross income, you would need to earn at least $533,000/year (about $256/hour full-time) to afford the median rent of $13,333/mo in ZIP 93108. The local median household income is $230,419/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 93108?

Rent in ZIP 93108 has risen 10.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2023.

How does ZIP 93108 compare to other ZIPs in California?

ZIP 93108 is one of the pricier among California ZIP codes for rent, ranking #2 of 898 at $13,333/mo. Over the year to September 2026, rent in ZIP 93108 changed +10.2%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.