Home / Select Cities  /  2024 Comparing Monterey, CA vs. Raleigh, NC

2024 Compare Cities Housing:
Monterey, CA vs Raleigh, NC

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Highlights
- The median age of a home in Monterey is 47.1% older than the median age of a home in Raleigh.

Housing
 Monterey, CARaleigh, NCUnited States
 Median Home Age512742
 Median Home Cost$1,022,100$427,000$338,100
 Home Appr. Last 12 months14.7%23.6%16.6%
 Home Appr. Last 5 yrs.55.6%70.7%57.0%
 Home Appr. Last 10 yrs.157.7%122.8%101.1%
 Property Tax Rate$6.4$8.9$11.0
 Homes Owned32.1%46.7%57.4%
 Housing Vacant8.8%9.4%11.2%
 Homes Rented59.1%43.8%31.4%
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 Avg Rent For Home Or Apartment
 Monterey, CARaleigh, NCUnited States
 Average Rent$4,960$1,750$1,840
 Studio Apartment$2,800$1,240$1,080
 1 Bedroom Home or Apartment$2,910$1,280$1,180
 2 Bedroom Home or Apartment$3,550$1,450$1,430
 3 Bedroom Home or Apartment$5,030$1,780$1,860
 4 Bedroom Home or Apartment$5,500$2,350$2,160
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 Vacant Housing
 Monterey, CARaleigh, NCUnited States
 Vacant For Rent1.9%3.3%1.9%
 Vacant Rented0.6%2.2%0.4%
 Vacant For Sale0.0%0.5%0.7%
 Vacant Sold0.0%0.6%0.4%
 Vacant Vacation5.3%0.5%3.6%
 Vacant Other0.9%2.3%4.1%
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 Owner-Occupied Housing Value
 Monterey, CARaleigh, NCUnited States
 Less Than $20,0001.0%1.4%2.6%
 $20,000 to $39,9990.4%0.5%2.4%
 $40,000 to $59,9990.0%0.6%2.8%
 $60,000 to $79,9990.2%0.5%3.9%
 $80,000 to $99,9990.0%0.8%4.5%
 $100,000 to $149,9990.5%6.6%11.3%
 $150,000 to $199,9990.0%15.0%13.0%
 $200,000 to $299,9991.9%28.3%20.1%
 $300,000 to $399,9992.5%18.3%13.6%
 $400,000 to $499,9995.1%11.0%8.3%
 $500,000 to $749,99927.0%10.2%9.7%
 $750,000 to $999,99933.8%4.0%3.9%
 $1,000,000 to $1,499,99917.7%1.9%2.2%
 $1,500,000 to $1,999,9996.2%0.5%0.8%
 $2,000,000 and over3.8%0.3%1.1%
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 Housing Units By Year Built
 Monterey, CARaleigh, NCUnited States
 2015 and Newer0.0%0.3%0.2%
 2010 to 20143.9%23.4%13.6%
 2000 to 20093.9%23.4%13.6%
 1990 to 19997.2%18.5%13.6%
 1980 to 198913.5%16.8%13.2%
 1970 to 197921.2%9.9%14.8%
 1960 to 19697.2%18.5%13.6%
 1950 to 195919.1%4.2%10.0%
 1940 to 19495.9%1.6%4.7%
 1939 or Earlier12.2%3.1%12.2%

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Reviews for Monterey    21 Reviews

Over 7 years ago

The Monterey city area is an excellent place to live and one of the few California locales where it's relatively safe to raise a family. If I could no longer live here I  More

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I grew up on the Monterey Peninsula and had to leave to climb out of poverty. The median income is $35,000 and outside of the military, the jobs are mostly service  More

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My husband and I are just crazy about Monterey. I wonder if we take housing expenses (mortgage or rent) out of the picture, is Monterey still a very expensive city to  More

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Reviews for Raleigh    224 Reviews

I moved to Raleigh in 2018. Before that, I lived in Orange County CA, Boulder CO, South Africa, Northern California, Arizona, and Toronto. I say all this to give  More

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Excellent for a great many people or categories of people. As far as prices: ratio of wage and job opportunity here with housing remains one of the better ones in the  More

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Over 1 years ago

I attended university here in the early 90s and came back around 2005 and never left. I'm surprised at the other negative reviews honestly. Yes, housing is pricey in  More

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ZIPS IN MONTEREY, CALIFORNIA
93940 93943
ZIPS IN RALEIGH, NORTH CAROLINA
27610, 27603, 27616, 27604, 27606, 27613, 27615, 27612, 27614, 27609, 15 total

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