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The city's median rent climbed 2.0% over the past year, close to the roughly 1.6% pace seen across the region, keeping housing costs elevated for local renters.
A shift toward larger or higher-value homes pulled the headline figure down even as per-square-foot prices climbed nearly 9% over the past year.
County supervisors moved forward on several affordable and workforce housing agreements, greenlit bond financing for a homeless-housing provider, and reviewed the year's homelessness numbers during their July 14 meeting.
County supervisors approved a homeless-services contract, advanced a new crisis treatment facility, and scheduled upcoming votes on rezoning projects in the North and Central county.
Supervisors approved state funding paperwork for a new affordable project in the Fifth District, authorized a major application for permanent supportive housing dollars, and renewed roughly a dozen contracts that keep residential mental health beds open across the county.
The coastal city's median asking rent edged past a symbolic threshold in May, climbing 3.6% over the year as affordability pressures deepened for local households.
The Board of Supervisors confirmed it will continue offering both in-person and remote public participation, while no substantive housing items came before the county this cycle.
Supervisors moved this week to finance a new affordable apartment complex in Eastern Goleta Valley, took up the county's annual federal housing spending plan, and renewed a long list of contracts that keep homeless services and supportive housing running.
The headline price fell 9% year-over-year, yet price per square foot climbed nearly 9%, pointing to a shift in what's actually selling.
A jump in 30-year rates pushed the monthly payment on a median-priced Santa Barbara home to 106% of local median household income.