
Downtown/Third Street Promenade, CA Housing Market
$1,066,233
4.2% 1-yrThe average Downtown/Third Street Promenade, CA home value is $1,066,233, down 4.2% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Downtown/Third Street Promenade Key Takeaways
Typical Home Values: $1,066,233
1-Year Value Change: -4.2%
(Data through August 31, 2026)
Downtown/Third Street Promenade Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Wilshire/Montana$1,291,204
- Santa Monica Pier Area/Ocean Avenue$1,846,588
- Ocean Park$1,263,689
- Pico District$1,166,777
- Mid-City$1,003,149
- North of Montana$4,955,297
- Northeast$2,818,558
- Sunset Park$2,257,041
- Venice$1,800,146
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Downtown/Third Street Promenade Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Downtown/Third Street Promenade For Rent Listings



Frequently Asked Questions
What are the most expensive neighborhoods in Santa Monica, CA?
The neighborhoods with the highest median home values in Santa Monica, CA include: North of Montana ($4,955,297), Northeast ($2,818,558), Sunset Park ($2,257,041), Santa Monica Pier Area/Ocean Avenue ($1,846,588), Wilshire/Montana ($1,291,204).
What are the most affordable neighborhoods in Santa Monica, CA?
The neighborhoods with the lowest median home values in Santa Monica, CA include: Mid-City ($1,003,149), Downtown/Third Street Promenade ($1,066,233), Pico District ($1,166,777), Ocean Park ($1,263,689), Wilshire/Montana ($1,291,204).
Which Santa Monica, CA neighborhoods have the fastest growing home values?
Neighborhoods with the highest year-over-year value growth in Santa Monica, CA include: North of Montana (15.9%), Northeast (13.3%), Sunset Park (8.4%), Ocean Park (0.8%).