Housing in Monterey, California

The median home cost in Monterey is $795,600. Home appreciation the last 10 years has been 48.0%. Home Appreciation in Monterey is up 7.4%. Browse Monterey Real Estate

Average Age of Homes

- The median age of Monterey real estate is 45 years old

The Rental Market in Monterey

- Renters make up 58.3% of the Monterey population
- 3.6% of houses and apartments in Monterey, are available to rent

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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.

HOUSING	Monterey, California	United States
Median Home Age	48	40
Median Home Cost	$795,600	$231,200
Home Appr. Last 12 months	7.4%	6.7%
Home Appr. Last 5 yrs.	42.8%	35.6%
Home Appr. Last 10 yrs.	48.0%	27.4%
Property Tax Rate	$6.12	$11.78
Property Taxes Paid	$4,869	$2,724
Homes Owned	32.3%	56.0%
Housing Vacant	12.3%	12.2%
Homes Rented	55.4%	31.8%
AVERAGE RENT FOR HOME OR APARTMENT
Average Rent	$2,889	$1,470
Studio Apartment	$1,245	$821
1 Bedroom Home or Apartment	$1,415	$930
2 Bedroom Home or Apartment	$1,760	$1,148
3 Bedroom Home or Apartment	$2,535	$1,537
4 Bedroom Home or Apartment	$2,720	$1,791
VACANT HOUSING
Vacant For Rent	3.6%	2.1%
Vacant Rented	0.3%	0.5%
Vacant For Sale	1.0%	1.0%
Vacant Sold	0.0%	0.5%
Vacant Vacation	6.0%	4.0%
Vacant Other	1.4%	4.2%
VALUE OF OWNER-OCCUPIED HOUSING
Less Than $20,000	1.3%	3.5%
$20,000 to $39,999	0.9%	3.1%
$40,000 to $59,999	0.3%	3.9%
$60,000 to $79,999	0.0%	5.4%
$80,000 to $99,999	0.0%	6.3%
$100,000 to $149,999	1.0%	14.7%
$150,000 to $199,999	0.8%	14.6%
$200,000 to $299,999	4.5%	18.7%
$300,000 to $399,999	5.5%	11.0%
$400,000 to $499,999	9.7%	6.2%
$500,000 to $749,999	33.1%	7.0%
$750,000 to $999,999	25.6%	2.7%
$1,000,000 to $1,499,999	11.6%	1.5%
$1,500,000 to $1,999,999	2.5%	0.5%
$2,000,000 and over	3.1%	0.7%