Most likely not. Forbes list of the most expensive zip codes

From zip code 93108 (SANTA BARBARA, CA, median house value: $2,176,251) the cheapest property listed at realtor.com is this little mobile home gem at:

2155 ORTEGA HILL # 15 RD
SUMMERLAND, CA 93108

$439,000
2 Bed, 1 Bath
850 Sq. Ft.

Estimated payment:
$1,997 Per Month*

$516 per square foot? Ouch. Here in Arlington we are getting approximately $70 per square foot.

This is the next cheapest property listed:

265 DAWLISH PL
SANTA BARBARA, CA 93108

$1,349,000
4 Bed, 2 Bath
0.38 Acres

Estimated payment:
$6,137 Per Month*

Absolute insanity. (hat tip: J-walkblog)