Housing in Monterey, CA

Monterey, CA is known for its luxurious and expensive housing. The median value of homes in this area is an astounding $1,022,100 while the US median is $338,100. Although the appreciation rate of homes in Monterey, CA is slightly lower than that of the US at 8.27% and 7.80%, respectively, it still shows that people are willing to invest a lot of money into this area. With its attractive natural resources and beautiful scenery, it's no wonder why properties are so sought after here.

The median home cost in Monterey is $1,022,100. Home appreciation the last 10 years has been 157.7%. Home Appreciation in Monterey is up 14.7%.

Average Age of Homes

- The median age of Monterey real estate is 48 years old

The Rental Market in Monterey

- Renters make up 58.3% of the Monterey population
- 1.9% of houses and apartments in Monterey, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

HOUSING BY YEAR BUILT

HOUSING	Monterey, California	United States
	14,151	139,647,020
	51	42
	$1,022,100	$338,100
	14.7%	16.6%
	55.6%	57.0%
	157.7%	101.1%
	$6.38	$10.98
	$5,324	$2,690
	32.1%	57.4%
	8.8%	11.2%
	59.1%	31.4%
VACANT HOUSING
	1.9%	1.9%
	0.6%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	5.3%	3.6%
	0.9%	4.1%
VALUE OF OWNER-OCCUPIED HOUSING
	1.0%	2.6%
	0.4%	2.4%
	0.0%	2.8%
	0.2%	3.9%
	0.0%	4.5%
	0.5%	11.3%
	0.0%	13.0%
	1.9%	20.1%
	2.5%	13.6%
	5.1%	8.3%
	27.0%	9.7%
	33.8%	3.9%
	17.7%	2.2%
	6.2%	0.8%
	3.8%	1.1%
HOUSING UNITS BY YEAR STRUCTURE BUILT
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	7.2%	13.6%
	13.5%	13.2%
	21.2%	14.8%
	7.2%	13.6%
	19.1%	10.0%
	5.9%	4.7%
	12.2%	12.2%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

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Reviews for Monterey 21 Reviews

Here or Exit California - 1/25/2017
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... Read More

JD | Monterey, CA | Reply | 1 Reply

Start Your Review of Monterey

If you're not a millionaire good luck living here - 12/31/2013
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... Read More

s. Marie | Portland, OR | Reply | No Replies

How wealthy are we talking about? - 9/13/2012
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... Read More

Olga | Ogden, UT | Reply | 1 Reply

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ZIP CODES IN MONTEREY, CA

93940 93943

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United States / California / Salinas Metro Area / Monterey County / Monterey / Zip Codes